CAPITAL MARKETS

Equity funding delivers Strandline final piece of Coburn jigsaw

STRANDLINE Resources will more than double its capital structure after a A$122 million underwritten equity raising that puts the company on track to start production from its Coburn mineral sands project by the second half of next year.

Mine coming here, Coburn, WA

Mine coming here, Coburn, WA

The non-renounceable rights issue is priced at 20.5c per share, with the underwriters being Shaw and Partners and Morgans Corporate. The stock has spent much of the past 8-9 months trading in a range...

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