CAPITAL RAISE
Metro Mining, the owner of the Bauxite Hills mine near Weipa, on Thursday announced a successful A$40-million placement that it would use to accelerate debt repayment.
The company has received binding commitments from sophisticated, experienced and professional investors to issue 975.6-million new shares at a discounted A$0.041 each. The placement is accompanied by a A$4-million share purchase plan (SPP).
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