{"id":747956,"date":"2018-06-06T12:34:39","date_gmt":"2018-06-06T12:34:39","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=747956"},"modified":"2018-06-06T12:34:39","modified_gmt":"2018-06-06T12:34:39","slug":"south-africas-harmony-raises-82-mln-via-share-sale-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=747956","title":{"rendered":"South Africa’s Harmony raises $82 mln via share sale"},"content":{"rendered":"

By Reuters<\/a><\/span> <\/p>\n

South African gold <\/span>miner Harmony Gold <\/span>raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition.<\/p>\n

Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this year in a deal that the company said would significantly boost its operational cash flow.<\/p>\n

The company, which competes with AngloGold <\/span>, Gold <\/span>Fields and Sibanye-Stillwater at home, sold 55 million new shares, or 15 percent stake, at 19.12 rand each, an 11.7 percent discount to the closing price on Tuesday.<\/p>\n

UBS, JP Morgan, Absa and Nedbank arranged the so-called accelerated bookbuild, a share sale done with little to no marketing.<\/p>\n

($1 = 12.7129 rand) (Reporting by Tiisetso Motsoeneng; editing by Jason Neely)<\/p>\n

The post South Africa’s Harmony raises $82 mln via share sale<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Reuters South African gold miner Harmony Gold raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition. Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"class_list":["post-747956","post","type-post","status-publish","format-standard","hentry","category-miningcom"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/747956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=747956"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/747956\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=747956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=747956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=747956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}