Arafura SPP more than 500 oversubscribed

摘要

The SPP was seeking A$12 million but the company received 5510 applications, worth $81.5 million. Due to the interest, the company has decided to accept oversubscriptions of $8 million to raise a total of $20 million. The amount raised is in addition to the $121 million raised in a placement last month, in which Gina Rinehart's Hancock Prospecting invested $60 million for a 10 stake in the company.