CAPITAL MARKETS

Discovery unveils recapitalisation deal

SINGAPORE-listed Blumont Group has come to the rescue of struggling copper producer Discovery Metals, with the two agreeing to a $US108 million ($A113.6 million) recapitalisation deal.

Kristie Batten
Discovery unveils recapitalisation deal

The deal will be completed via Blumont’s new 85%-owned subsidiary, Blumont Copper, which is 15%-owned by Ines Scotland and other former Citadel Resources Group directors. Former Citadel director Russell...

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