Powered by

-Sirius Minerals Plc - Launch of Stage 2 Financing

May 01, 2019 - ENP Newswire

Sirius Minerals Plc (the 'Company' and, together with its subsidiaries, the 'Group') today announces the launch of an underwritten Firm Placing and Placing and Open Offer and an underwritten New Convertible Bond Offering as well as an update to its Stage 2 Financing, under which it intends to raise a total of US$ 3.8 billion (which includes financing costs) to fund the Project to the point at which it generates positive operating cash flows.

The Stage 2 Financing consists of a combination ...