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Regal Funds-backed True North Copper in $60m equity recap

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Regal Funds-backed explorer True North Copper is set to emerge from voluntary administration, as it agrees terms for an equity recapitalisation with its primary lender.

True North Copper is set to emerge from VA after an emergency equity injection.  Louise Kennerley

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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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

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Original URL: https://www.afr.com/street-talk/regal-funds-backed-true-north-copper-in-60m-equity-recap-20241111-p5kppk