CAPITAL MARKETS

Steeple chase for funds inspires FairStar's shine

SHARES in FairStar Resources were up more than 30% today after the company announced it had secured 80% of funding for its flagship Steeple Hill iron project in Western Australia.

Justin Niessner

Steeple chase for funds inspires FairStar's shine

The irrevocable commitment of $A260 million with Alliance Super Holdings is non-dilutive and will transition the project to production via a 50:50 profit sharing joint venture. FairStar said its debt...

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