UPDATE: Atalaya Mining Copper raises GBP130 million in fresh equity
Atalaya Mining Copper SA - owns and operates Proyecto Riotinto copper mine in southwest Spain - Raises GBP130.0 million from placing and retail offer of 13.0 million shares at GBP10.00 each, as planned. Atalaya announced the equity raise after the London market close on Tuesday and confirmed its completion prior to the start of trade on Wednesday. The new shares represent 9.2% of Atalaya's total prior to the raise and 8.5% after. It will now have 153.8 million share issued in total. The company says both the placing and the retail offer are "significantly oversubscribed". The placing is run by BMO Capital Markets Ltd, Canaccord Genuity Ltd, Peel Hunt LLP, and Banco Santander SA. The equity raise "represents a significant milestone for Atalaya and will enable us to accelerate our growth projects in Spain," says Chief Executive Officer Alberto Lavandeira. Read More