Shopping Cart

Western Areas Takes Stake In Nickel Rival Panoramic

ShareCafe - Panoramic yesterday revealed a $90 million equity raising with Western Areas taking up a 19.9% position by supply $28.6 million of the planned raising.

Panoramic’s raising will be at 7 cents a share and Western Areas will fund its position by way of participating in the main placement and as a sub-underwriter of the retail offer.

The offer price is a substantial discount to the last price last Friday of 12 cents for Panoramic shares.

The raising was split into a $29 million placement and $61 million entitlement offer, which will be non-renounceable and on a one-for-1.15 basis.

Money raised by the offer will be used to repay debt, including major creditors Macquarie and Zeta Resources, for general working capital, and its Savannah North capital development in the WA east Kimberley that was closed earlier this year because of the COVID-19 pandemic.

Continue reading...

German Steel Buyers Revise Their Purchase Volumes
Older post
Global steel production down, but China still r...
Newer post

This is Photoshop's version of Lorem Ipsum. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum.

Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctora ornare odio. Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. , per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felis dapibus

This is a cookie agreement request — you can customize it or disable on the backoffice. Cookies help us to provide you the best experience using our website.

Client service


We're available by phone (877) 350-0771 every day from 9 am. - 9 p.m. ET.

HOURS: Monday - Friday 8AM - 5PM
Saturday - Sunday Online
Holidays Online

(877) 350-0771

1420 Kettner Blvd #100 San Diego, CA 92101


Credit Card: Visa, MasterCard, Maestro, American Express

Back To Top
Do you like any template? Apply its settings to your store — just select the template you like and press the «Apply» button of the desirable one. Templates can be switched at any time.
Applying a new template overrides the settings. Press «Copy» and paste it into any text file to save your current settings.