Merrill Lynch International. Liberum and Pohjola assist with offering
By Devika Patel
Knoxville, Tenn., Feb. 16 - Talvivaara Mining Co. plc said it may raise £68.85 million in a private placement of shares.
The company will sell 24,589,050 ordinary shares at 280p each. The placing price is a 15.02% discount to the closing price of 329.5p on Feb. 15.
Merrill Lynch International is the bookrunner. Liberum Capital Ltd. and Pohjola Corporate Finance Ltd. are the joint lead managers.
Based in Sotkamo, Finland, the company's main activity is construction of the Talvivaara mine, with expected startup in the fourth quarter of this year. Its deposits comprise one of the largest sulphide nickel resources in Europe.
| Issuer: | Talvivaara Mining Co. plc
|
| Issue: | Ordinary shares
|
| Amount: | £68,849,340
|
| Shares: | 24,589,050
|
| Price: | 280p
|
| Warrants: | No
|
| Bookrunner: | Merrill Lynch International
|
| Pricing date: | Feb. 16
|
| Stock symbol: | London: TALV
|
| Stock price: | 329.5p at close Feb. 15
|
| Market capitalization: | £807.86 million
|
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