CAPITAL MARKETS

Sherwin facing uphill battle

SHERWIN Iron is facing a struggle to secure short and long-term funding with approval delays, a lower iron ore price and a rebel shareholder putting the squeeze on the junior miner.

Andrew Duffy
Sherwin facing uphill battle

Under the company’s major debt facility, it’s able to draw around $US10 million ($A10.6 million) cash currently held in escrow upon obtaining environmental impact statement approval for the Sherwin Creek...

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