Northam Platinum announces new $103 mln funding plan

JOHANNESBURG, Sept 20 Fri Sep 20, 2013 1:29am EDT

Related Topics

JOHANNESBURG, Sept 20 (Reuters) - South Africa's Northam Platinum on Friday announced a new 1 billion rand ($103 million) funding plan for expansion projects.

The company said the funding programme will consist of a 600 million rand equity capital raising via a clawback offer and the implementation of a new 400 million medium term revolving credit facility.

For more details click.

($1 = 9.6668 South African rand) (Reporting by Olivia Kumwenda-Mtambo; Editing by David Cowell)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.