UPDATE 1-Yamana Gold to cut stake in Brio unit to 21 pct in private placement
November 23, 2015 at 17:17 PM EST
Nov 23 (Reuters) - Canada-based Yamana Gold Inc and its wholly owned subsidiary Brio Gold Inc have started a private placement of Brio shares, Yamana said on Monday, a move that will reduce its stake in the unit to around 21 percent.
