CAPITAL MARKETS

Jinchuan to take a bigger slice of Albidon

CHINESE nickel group Jinchuan will lift its stake in Albidon to 18% following a combined $US10 million ($A15.4 million) placement and debt conversion arrangement.

Charlotte Dudley
Jinchuan to take a bigger slice of Albidon

Albidon will raise $US5 million ($A7.7 million) through a subscription agreement which will see the issue of more than 19 million shares at A40c each. Meanwhile the company has also entered a $US5 million...

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