Funds management powerhouse Regal is busy rounding up investors for a $20 million capital raising to help it acquire a royalty over a Northern Queensland bauxite operation, Street Talk understands.
The $204 million Regal Resources Royalties Fund has agreed terms to acquire a 2.3 per cent uncapped royalty over the Skardon River tenements operated by ASX-listed Metro Mining, according to fund-raising documents seen by this column.
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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
