Gold major Newcrest Mining has raised a further A$200-million through a share purchase plan (SPP), following its A$1-billion placement to institutional investors at the end of April.
The company this week noted that valid applications totalling about A$300-million had been received for the SPP, prompting the company to increase the size of the SPP from the initial A$100-million to A$200-million.
The shares were issued at a price of A$25.60 each.