PROJECT FINANCE

Ora Banda swaps debt facility for new equity

ORA Banda Mining has decided to set aside a A$15 million hedging and working capital with Commonwealth Bank in favour of a new $25 million equity raising.

 Ora Banda has gone back to capital markets

Ora Banda has gone back to capital markets

It has secured commitments for a $21 million at 17c via a placement, and will open a share purchase plan for a further $4 million.   The company will see its shares on issue rise from 842 million to...

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