Central Asia Metals raises £113m to buy new mine in Macedonia
Central Asia Metals, the Aim-listed owner of a copper mine in Kazakhstan, priced a £137.4m ($153.5m) capital increase and secondary share sale on Friday, to partly finance its acquisition of Lynx Resources for $402.5m.
Launched on Friday morning by bookrunners JP Morgan and Peel Hunt, the deal is a 39.6% capital increase, based on the closing price of the company on September 1.
Its shares were then suspended because Central Asia Metals said it was in advanced talks with a third party that
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