CAPITAL MARKETS

WestMet pulls $20 million raising

WESTERN Metals has deferred a $20 million rights issue to shareholders citing equity market uncertainty and depressed base metal prices.

Michael Quinn
WestMet pulls $20 million raising

The renounceable 1:2 rights issue was announced back in July when debt restructure arrangements were finalised with the company's major financiers/noteholders owed US$195 million. The base metal miner...

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