Uranium miner NexGen Energy in $200m raise, Street Talk reports
The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.
Stay updated with breaking news from Aitken Mount. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.
The miner is striking out with the cash call after a strong rally in its share price this year. Its flagship operation is slated to produce uranium by year-end.
The mammoth deal is rewriting the rules of M&A in Australia. Just off-stage are a cast hoping to wet their beaks on the result.
The trade comes just two weeks after Bain Capital put rival Estia back in the M&A spotlight.
Michael O’Keefe, of Riversdale and Champion Iron fame, is back from roadshows for Burgundy Diamond Mines and ready to start collecting bids for the company’s $US150 million ($231 million) raising to help bankroll its acquisition of Canada’s Ekati diamond mine.