Metals Acquisition Limited Raises ~A$150 Million (~US$103 Million) Through Successful Placement [Yahoo! Finance]
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GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
glencore.com/investors
Company Research
Source: Yahoo! Finance
Highlights MAC has received firm commitments to raise approximately A$150 million (approximately US$103 million) (before costs) at an issue price of A$18.00 per New CDI Placement was well supported with support from new and existing institutional and sophisticated investors both in Australia and offshore, which is testament to the high-quality nature of the CSA Copper Mine and the significant work that has been undertaken by management to deliver on a range of operational improvements over the past year Placement proceeds will be used to optimise MAC's balance sheet and de-lever (by retiring its existing Mezzanine Debt Facility at the earliest practicable date) while also providing additional flexibility to pursue strategic inorganic growth opportunities Commentary Metals Acquisition Limited (NYSE: MTAL; ASX:MAC) ( MAC or the Company ) is pleased to advise that the Company has received firm commitments via an oversubscribed placement of 8,333,334 new CHESS Depositary Intere
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