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Copper miner Sandfire raises for balance sheet strength

Mid-tier copper producer Sandfire Resources has called a trading halt on the ASX while it undertakes an underwritten A$200 million (US$134 million) capital raising.

Copper miner Sandfire raises for balance sheet strength Copper miner Sandfire raises for balance sheet strength Copper miner Sandfire raises for balance sheet strength Copper miner Sandfire raises for balance sheet strength Copper miner Sandfire raises for balance sheet strength

The company launched a one-for-8.8 accelerated non-renounceable entitlement offer at $4.30 per share, a 10.2% discount to yesterday's closing price.

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