PROJECT FINANCE

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.

Cash is needed to complete Tongo's development

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.   Newfield shares have not traded at 35c since July, and have steadily...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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