CAPITAL MARKETS

BC carries out $47M placement

SHARES in ore producer BC Iron have received a boost on the back of completion of a $A47 million placement at a premium, with funds to be used to increase its stake in the Nullagine joint venture in Western Australia.

Lauren Barrett
BC carries out $47M placement

Shares in BC Iron were trading up 9.6% to $3.21 after BC announced the completion of placement, which was priced at $3.04 per share. The placement represents a 3.8% premium to the company’s last closing...

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