Here’s another one for Andrew Forrest!
ASX-listed nickel group Mincor Resources, where Forrest has a 15 per cent stake, is seeking to raise $60 million at $1.28 a share in a deal via Aitken Murray Capital Partners and EurozHartleys.
Andrew Forrest’s Squadron Resources owns a 15 per cent stake in Mincor Resources. Bloomberg
The deal was split into a $55 million share placement and $5 million SPP, both at the same price.
The brokers were calling for bids into the placement by 5pm Monday, according to terms sent to potential investors.
The deal was at an 11.1 per cent discount to the last close and a 5.6 per cent discount to the 10-day VWAP, the term sheet said.
