Sandfire seeks $102M for DeGrussa

SANDFIRE Resources has come back to the market to raise $A102 million to accelerate development at its DeGrussa copper-gold project in Western Australia after its share purchase and offtake deal with Korean smelting giant LS-Nikko officially keeled over last month.

Sandfire seeks $102M for DeGrussa Sandfire seeks $102M for DeGrussa Sandfire seeks $102M for DeGrussa Sandfire seeks $102M for DeGrussa Sandfire seeks $102M for DeGrussa

The funds will be raised via a 1 for 12 accelerated non-renounceable pro-rata entitlement offer at an offer price of $6.

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