MC Mining gets go-ahead for R15m capital raise
The group’s shares in issue will rise by about 9.4% as it raises capital to develop its flagship Makhado project in Limpopo
12 August 2020 - 09:38
Junior coal miner MC Mining has been given the go-ahead for a R15m capital raise, as it continues to raise capital to develop its flagship Makhado project.
The group, which has a market capitalisation of R188m, will issue about 13.3-million shares, at 105.56c per share. The number of shares in issue will rise by about 9.4% to 154-million once the capital raise is completed, with the permission coming from the Reserve Bank...
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