Perth-based traveler Lindian Resources has actually secured A$ 91.5-million from institutional capitalists and accepted a last financial investment choice (FID) to construct the initial stage of its front runner Kangankunde unusual planets mine, in Malawi.
The two-tranche equity raising, valued at 21c a share, was highly sustained by brand-new residential and worldwide capitalists. The concern cost stood for a 6.7% price cut to Lindian’s last closing cost of 22.5 c on August 15, however a costs to the business’s current volume-weighted standards.
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