Mirabela to tap market again
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Monday, 14 December, 2009 - 10:24
Category:
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.
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