https://www.miningweekly.com

Lundin Trusts, BHP back Filo's C$100m placement

1st June 2023

By: Creamer Media Reporter

     

Font size: - +

Canadian junior Filo Mining has announced  a C$100-million private placement to fund the continued exploration and development of its Filo del Sol project, in Argentina.

The TSX-listed firm intends to sell on a nonbrokered private placement basis 4.74-million shares at C$21.10 each.

In connection with the private placement, each of Lorito Holdings, Zebra Holdings and Investments, Nemesia, and together with Lorito and Zebra, the Lundin Family Trusts and BHP Western Mining Resources, being the company's largest shareholders, have indicated their intention to participate in the placement.

The Lundin Family Trusts have indicated their intention of subscribing for up to C$70-million of the private placement and BHP has indicated its intention of subscribing for up to C$30-million.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.703s - 111pq - 2rq
Subscribe Now