Katanga seeks lifeline in massive share expansion

Finance

Publishing Date: 19 Dec 2008 4:23pm GMT
Issue/Supplement: 19/12/08
Author: Mining Journal

Katanga Mining Ltd, struggling with low cash reserves and falling copper prices, is seeking approval to increase its share capital from 300 million shares to 5 billion. The company said it is also considering taking a loan, convertible into stock, from some of its shareholders.

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