CAPITAL MARKETS

Albidon raising Munali equity

ALBIDON is set to raise $US35 million ($A47 million) in equity for the development of its Munali nickel project in Zambia, which is expected to come online in 2008.

Ben Sharples
Albidon raising Munali equity

The nickel hopeful plans to issue 39.1 million shares at $A1.20 with the Royal Bank of Canada and Numis Securities, committing to subscribe for and subsequently place, 30 million shares with their institutional...

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