Sandfire to put more money into US subsidiary

SANDFIRE Resources will invest C$25.6 million in its 85%-owned, Toronto-listed subsidiary Sandfire Resources America (SRA).

Sandfire to put more money into US subsidiary Sandfire to put more money into US subsidiary Sandfire to put more money into US subsidiary Sandfire to put more money into US subsidiary Sandfire to put more money into US subsidiary

SRA launched a rights issue to raise up to C$30 million at 15c per share.

Sandfire has agreed to subscribe for its pro rata share to maintain its stake.