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Newcrest Mining to raise up to A$1B (OTCMKTS:NCMGY)

Newcrest Mining to raise up to A$1B (OTCMKTS:NCMGY)

Newcrest Mining ( OTCPK:NCMGY) says it will seek to raise A$1B (US$655M) to acquire financing facilities for Lundin Mining’s ( OTCPK:LUNMF) Fruta del Norte mine in Ecuador and to fund growth projects. Newcrest plans to issue ~39.1M new shares at A$25.60/share, representing a 7% discount to its Wednesday closing price.








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