PHM RAISES GBP68 MLN IN SHARE PLACEMENT, APPROVES ARICOM MERGER

摘要

Peter Hambro Mining Plc (PHM) has raised GBP68 million (net of expenses) in a share placement. The gold miner placed 16 million new shares at 450p each. JP Morgan Cazenova was the bookrunner and Canaccord Adams was the co-organizer. The proceeds will go to servicing short-term debt, particularly 180 million dollars in obligations. Reducing the debt burden is a step toward the LSE main trading floor for the company formed from the merger of Peter Hambro and Aricom, PHM said in a February 5 statement.