CAPITAL MARKETS

Greenwich raises merger funds

GREENWICH Resources, the company set to merge with Danae Resources and Robert Champion de Crespigny’s Buka Minerals, is undertaking a fully-underwritten capital raising of £22 million ($A52 million), conditional on the three-way merger proposal getting over the line.

Michael Vaughan

Greenwich raises merger funds

The new issue is priced at 2.42p per share, which equates to 72.6p/share after post-merger consolidation, and is being underwritten by UK broker Collins Stewart. The funds will be used by the merged...

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