CAPITAL MARKETS

Anaconda plans 5c a share rights issue

ANACONDA Nickel is to raise $323 million in a renounceable rights issue that will see a staggering 6.46 billion shares added to the company's issued capital.

Michael Quinn
Anaconda plans 5c a share rights issue

The 6.46 billion pieces of paper are to be issued at a rate of 14 shares for every one already held, and at 5 cents are pitched at a significant discount to the 31.5 cents per share Anaconda closed at...

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