CAPITAL MARKETS

Gindalbie to raise $62M for 'unexpected events'

GINDALBIE Metals has announced a $A62 million raising to shield itself from any possible cost pressures as it continues the commissioning phase of its $A2.57 billion Karara iron ore project in Western Australia.

Lauren Barrett

Gindalbie to raise $62M for 'unexpected events'

The raising will comprise a $40 million fully underwritten placement to institutional and sophisticated investors priced at 25.5c a share, representing a 13.6% discount to its traded price of 29.5c. This...

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