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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.

MiningNews.Net
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 $6.60 to raise around $72 million and will consist of an institutional component and...

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