CAPITAL RAISE
Mineral sands developer Sheffield Resources will raise A$32-million through a share placement and share purchase plan (SPP) to fund the development of its Thunderbird project, in Western Australia.
The company on Wednesday said that it would raise an initial A$30-million through the placement of more than 42.8-million shares, at a price of 70c each. The share placement would be conducted under Sheffield’s placement capacity, and would not require shareholder approval.
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