21st May 2015 08:05
LONDON (Alliance News) - First Quantum Minerals Ltd on Thursday said it is planning to raise CAD1.25 million via a share offering in Canada.
The group did not provide any pricing details on the offering, but said it will be run by RBC Capital Markets and Goldman Sachs Canada Inc.
The proceeds are to be used to finance development of its current production facitilies and to provide the company with further financial flexibility. First Quantum produces copper, nickel, gold, zinc and platinum group elements.
Shares in First Quantum were down 5.4% to 869.00 pence in early trade in London.
By Sam Unsted; [email protected]; @SamUAtAlliance
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