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December 11, 2007
Anooraq in financing mode
Toronto-listed Anooraq (ARQ.TO, C$4.33 a share, also listed in Johannesburg and on AMEX), has announced a secondary placement of shares that could raise up to C$226m (much the same in US dollars). The cash would part-contribute to the R3.6bn (US$536m) Anooraq owes Anglo Platinum (JSE: AMS, R1000), for buying Lebowa Platinum (LePlats), one of the world's more significant platinum properties.Read More
Posted by StaffWriter at December 11, 2007 8:20 AM