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SLOW PROGRESS: Atlantic hopes the capital raised will help make up delays at Windimurra.

Atlantic raises $25m for Windimurra

Perth-based mining company Atlantic has completed a $25 million capital raising to finance process improvements and alterations at its Windimurra vanadium project, which has been adversely affected by commissioning delays.

The capital raising was at a price of $1.20 per share, well below their peak in April of $2.45. In trading today, the stock has slipped further, down 3.5 cents to $1.16.

Atlantic managing director Michael Minosora said the company was hoping to make up the delays it has experienced.

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Atlantic (ATI)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

06/07/12
$10.0m Bought
05/07/10
$1.8m Bought
Total value as at the date of the transaction
Source: Morningstar

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