Nickel explorer Chalice Mining was in a trading halt on Thursday, and quietly putting together a $60 million private placement to accelerate exploration in the second-half.
Sources said Chalice broker Bells Potter had offered the shares to a small group of investors at $7.30 a pop, a small discount to the $7.74 last close. The deal size represents less than three per cent of total shares on issue.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
