Minara launches $210M rights issue

DESPITE the tough market conditions, Minara Resources is shaking the tin in a big way, today announcing plans for a tidy $A210 million rights issue.

Minara launches $210M rights issue Minara launches $210M rights issue Minara launches $210M rights issue Minara launches $210M rights issue Minara launches $210M rights issue

The Perth-based nickel miner said it would undertake a fully underwritten renounceable pro-rata rights issue, offering more than 700 million ordinary shares at 30c each to raise up to $210 million.