Gemfields raises $30m through rights issue
Gemstone miner Gemfields has successfully completed a fully underwritten rights issue, which was first announced on April 11. The rights issue has resulted in the issuance of about 556-million new ordinary shares, raising about $30-million for the company. Gemfields reports that valid acceptances were received for about 458-million of the new shares, which represents about 82.4% of the total number of new shares offered in the rights issue.
Gemstone miner Gemfields has successfully completed a fully underwritten rights issue, which was first announced on April 11. The rights issue has resulted in the issuance of about 556-million new ordinary shares, raising about $30-million for the company. Gemfields reports that valid acceptances were received for about 458-million of the new shares, which represents about 82.4% of the total number of new shares offered in the rights issue.
