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