Sandfire launches $200M raising

COPPER miner Sandfire Resources has called a trading halt while it undertakes an underwritten A$200 million (US$134 million) capital raising.

Sandfire launches $200M raising Sandfire launches $200M raising Sandfire launches $200M raising Sandfire launches $200M raising Sandfire launches $200M raising

The company launched a one-for-8.8 accelerated non-renounceable entitlement offer at $4.30 per share, a 10.2% discount to yesterday's closing price.

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