Sundance Resources Ltd (SDL.AX)
Latest Key Developments (Source: Significant Developments)
Sundance Resources Ltd
Sundance Resources:Entitlement offer to raise $16.5 million.Entitlement of 1 new share for every 1 share held at an issue price of $0.005.1 free option for every 1 new share subscribed at an exercise price of $0.006.Partially underwritten for an amount of $13.25 million by patersons securities limited.Patersons entered into subunderwriting arrangements with david porter for $11.0 million and other investors or $2.25 million. Full Article
Sundance Resources Ltd:Received $7 million and issued the new convertible notes to Wafin Limited, Noble Resources International Pte Ltd and investment vehicles managed by Senrigan Capital Group and D.E. Shaw Group. Full Article
MELBOURNE Sundance Resources said on Thursday Australian police are investigating allegations that the company may have bribed politicians in Congo Republic to win permits to pursue a major iron ore project.