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Royal Bafokeng Platinum Ltd announces equity capital raising for Styldrift I Project

Tuesday, 4 Mar 2014 01:12am EST 

Royal Bafokeng Platinum Ltd:To raise the further capital required for the Styldrift I Project.Resolves to raise equity capital in the amount of 1.5 bln rand through a combination of a 600 mln rand accelerated bookbuild offering to qualifying institutional investors and a 900 mln rand rights offer to qualifying RBPlat shareholders.The proceeds from the Capital Raising will be used to fund a portion of the Company’s Styldrift I Project expenditure.Rand Merchant Bank, a division of FirstRand Bank Limited and Morgan Stanley & Co. International plc are acting as joint bookrunners for the Bookbuild. 

Company Quote

-19.0 -0.33%
26 Nov 2014