Junior keeps significant share of new ASX player

摘要

ASPIRING NICKEL LATERITE producer Metallica Minerals Ltd has secured a 32% stake in a just-listed bauxite producer. During January Cape Alumina Ltd successfully closed its much anticipated IPO fully subscribed, raising 15 million dollars and attracting approximately 500 new shareholders According to Metallica's website, the company had held up to 40% in Cape Alumina before the offering was made public.