[miningmx.com] — EASTERN Platinum said on Friday it has completed an equity financing process worth R2.3bn (C$347.587m).
The group has issued a total of 224.25 million shares at a price of C$1.55 per share to a syndicate of underwriters, lead by Canaccord Genuity and UBS Securities Canada.
The shares were sold by way of a short form prospectus in each of the provinces and territories of Canada other than Quebec.
Application has been made for the new common shares to be admitted for trading on London’s alternative exchange and trading is expected to commence ton Friday.
