Resolute Mining refis bridge loan with £103m block trade

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By Aidan Gregory
21 Jan 2020

Resolute Mining, the Australian gold miner, has raised A$196m (£103m) via a transcontinental capital increase to repay a bridge loan used to fund its acquisition of Toro Gold in August last year.

The share sale had a fixed offer price of A$1.10 a share, a 6.4% discount to the closing price of Resolute on the Australian Securities Exchange on Monday. The institutional bookbuild closed on Thursday January 23.

Resolute Mining is dual-listed on the Australian Securities Exchange and the London Stock Exchange; ...

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