Coal of Africa, Capitec raise $100m each, show value of support in volatile markets

Coal of Africa (CoAL), an AIM and JSE-listed miner, on Thursday became the second South African issuer to brave volatile markets for a $100m primary capital raise this week, once more showing the ability of issuers to raise equity funding even in difficult conditions.

  • 04 Nov 2011

The deal, run by sole-global coordinator and bookrunner JP Morgan with Mirabaud as joint lead manager and Evolution Securities as co-manager, was launched on Thursday morning with CoAL aiming to raise funds to develop its exploration and production projects and to complete an agreed acquisition.

The 130m shares ...

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