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.

Subscriber-only content

This article is restricted to subscribers of this publication. Please click the button below to find out about how to become a subscriber and view this and more premium content.