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Altona Mining in $70m equity raising

Copper explorer Altona Mining is seeking to raise $70 million to fund development of its Outokumpu project in Finland and exploration activities at its Roseby project in Queensland.

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Copper explorer Altona Mining is seeking to raise $70 million to pay for development of its Outokumpu project in Finland and exploration activities at its Roseby project in Queensland.

Altona on Monday said it would undertake an accelerated non-renounceable pro-rata entitlement offer, fully underwritten by Credit Suisse (Australia) Ltd, and an institutional share placement.

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    Original URL: https://www.afr.com/companies/mining/altona-mining-in-70m-equity-raising-20110131-j4u38