3rd Mar 2015 10:20
LONDON (Alliance News) - Mwana Africa PLC on Tuesday said its Bindura Nickel Corp subsidiary has closed its USD20 million bond issue.
Bindura, of which Mwana owns 74.73%, closed the USD20 million bond deal on February 27.
The net proceeds are to be used to buy new equipment for Bindura's smelter, which is set to be reopened in about nine months' time.
Mwana shares were up 1.3% to 1.824 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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