CAPITAL MARKETS

Selwyn increases rights issue to $12.7 million

SELWYN Mines has increased its rights issue raising to $12.7 million from $10.6 million with the arrival of an underwriter and an improved share price on the back of a firmer outlook for the copper sector.

Michael Quinn
Selwyn increases rights issue to $12.7 million

The terms of the issue are three new shares at 22 cents each, plus a free attaching option, for every five existing shares held. On completion of the issue Selwyn will have 154 million shares on issue,...

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