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MinsCorp to raise $30 million for share, note buyback

QUEENSLAND kaolin producer Minerals Corp is moving to reduce the 246 million shares on its register with a new $30 million debenture issue to fund a buyback of ordinary shares and converting notes.

Greg Tubby
MinsCorp to raise $30 million for share, note buyback

The announcement has been welcomed by the market, which pushed its share price up 4% to close at 13.5c. MinsCorp said it was taking advantage of the low stockmarket valuation to offer a share buyback...

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