May. 28 at 6:15 AM
$ARAFF The placement price of A
$0.26 per share is the same for both tranches and the retail offer.
A global coalition of backers
Export credit agencies from four countries — the US, Canada, Germany and South Korea — have already committed financial support. On the equity side, the most prominent single investor is Hancock Prospecting, controlled by Australian mining billionaire Gina Rinehart. Hancock is contributing A
$85 million to the placement, lifting its stake from roughly 15.5% to about 17.5%, cementing its position as Arafura’s largest shareholder. Additional funding comes from Germany’s Deutsche Rohstofffonds, Export Finance Australia and the National Reconstruction Fund.
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Let's the dogs out when they join... In septemver
