Sandfire completes bookbuild
Copper miner Sandfire Resources has completed the bookbuild for the institutional component of its 1-for-8.8 entitlement offer, as part of its A$200-million capital raise.
The company on Monday said that the institutional entitlement offer will raise A$147-million, at an offer price of a$4.30 a share, representing a 10.2% discount to Sandfire’s last closing price and a 9.3% discount to the company’s theoretical ex-rights price.