CAPITAL MARKETS

Northern Iron back on track

NORWAY-focused iron ore producer Northern Iron will stay in a trading halt until early next week as it launches a capital raising seeking $A55.5 million while talks advance with both potential takeover partners.

Brooke Showers
Northern Iron back on track

Northern Iron announced a one-for-three accelerated, pro-rata, non-renounceable entitlement offer to raise up to $55.5 million, at an offer price of 45c per share, before entering a trading halt this morning....

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