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Sheffield raises A$32m for Thunderbird development

Creamer Media Senior Deputy Editor: Australasia
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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