Impala Platinum to Raise ZAR4 Billion in Share Placing
October 06 2015 - 11:56AM
Dow Jones News
By Tapan Panchal
LONDON--Impala Platinum Holdings Ltd. (IMP.JO) said Tuesday that
it will raise up to 4 billion South African rand ($292.58 million)
through a placing of new shares.
The South African platinum company said the placing proceeds
would enable the company to replace older shafts at the Impala
lease area, improving infrastructure and smelter efficiency. The
Impala lease area is located on the Bushveld complex near the city
of Rustenburg in South Africa.
Impala is placing the new ordinary shares through an accelerated
book-build offering. UBS Ltd. is acting as underwriter and sole
book-runner in relation to the placing.
Write to Tapan Panchal at tapan.panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 06, 2015 11:41 ET (15:41 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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