Diamond developer Newfield seeks $51M at deep discount

WITH its flagship Tongo mine in eastern Sierra Leone advancing, ASX-listed diamond developer Newfield Resources is going cap-in-hand to investors, asking its shareholders for additional funds to push ahead with its mine plan.

Diamond developer Newfield seeks $51M at deep discount Diamond developer Newfield seeks $51M at deep discount Diamond developer Newfield seeks $51M at deep discount Diamond developer Newfield seeks $51M at deep discount Diamond developer Newfield seeks $51M at deep discount

Cash is needed to complete Tongo's development

The company has teamed up with lead manager Townshend Capital to raise up to A$50.8 million at 35c per share, a 35% discount.

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