14/12/2009 - 10:24

Mirabela to tap market again

14/12/2009 - 10:24

Bookmark

Upgrade your subscription to use this feature.

Miner Mirabela Nickel will again tap the market for funds, less than five months after it raised $117 million.

Miner Mirabela Nickel will again tap the market for funds, less than five months after it raised $117 million.

The company today placed its shares in a trading halt over a proposed capital raising, and expects the halt to last one day.

In July, the company conducted two placements, one in Australia and Canada, to raise a combined $101 million, and completed a private placement to raise an additional $16.5 million.

Funds from that raising went to cost overruns at the Santa Rita nickel operation in Brazil.

Shares in Mirabela last traded at $2.42 today.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options