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Another slab of cash for copper work raised by Hot Chili

HOT Chili is raising C$30 million in an underwritten placement that will involve undisclosed institutional investors as well as current shareholders such as Glencore and long-time backer Blue Spec, a firm associated with the copper company’s chairman Murray Black.

Michael Quinn
Another slab of cash for copper work raised by Hot Chili

The pricing is C$1.55 per share, equating to about A$1.70/share. Hot Chili recently undertook a 50 to one consolidation and is in the process of listing on Canada's TSXV. According to the company,...

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