Northern Star rises after raising Super Pit cash

NORTHERN Star Resources has completed the A$765 million institutional placement to partially fund the US$775 million acquisition of 50% of the Super Pit.

Northern Star rises after raising Super Pit cash Northern Star rises after raising Super Pit cash Northern Star rises after raising Super Pit cash Northern Star rises after raising Super Pit cash Northern Star rises after raising Super Pit cash

The Super Pit lookout in Kalgoorlie

The offer, lead managed and underwritten by Macquarie and Canaccord Genuity, was heavily oversubscribed.

The issue price was A$9, a 6.7% discount to Northern Star's Friday closing price.