Sundance Resources backed by Ukrainian billionaire
Iron ore junior Sundance Resources has gained another high-profile backer after Ukrainian billionaire Gennadiy Bogolyubov agreed to invest $40 million dollars in the junior resources company.
Iron ore junior Sundance Resources has gained another high-profile backer after Ukrainian billionaire Gennadiy Bogolyubov agreed to invest $40 million in the junior resources company.
Mr Bogolyubov will splash the cash through his vehicle Wafin Ltd, taking up convertible notes with a conversion price of 10¢ per share, slightly higher than the Australian Securities Exchange-listed company’s last closing price of 8.6¢.
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