Fundraising
Source: Bloomberg News |
April 19, 2011, Tuesday
|
Print Edition
Print Edition
MINMETALS Resources Ltd, a unit of China's largest metals trader, plans to raise as much as HK$6.72 billion (US$864 million) by selling shares to fund a zinc project and exploration, according to a term sheet for the transaction.
Minmetals will sell as many as 1.2 billion shares at HK$5.20 to HK$5.60 (67 to 72 US cents) each, the term sheet obtained yesterday by Bloomberg News showed. The proceeds will be used to develop the Dugald River zinc project and other exploration activities, it said.
Minmetals will sell as many as 1.2 billion shares at HK$5.20 to HK$5.60 (67 to 72 US cents) each, the term sheet obtained yesterday by Bloomberg News showed. The proceeds will be used to develop the Dugald River zinc project and other exploration activities, it said.
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