IVANHOE Mines has taken a 4.35% share of Renergen via the latter's placement of 5.6 million shares on the Johannesburg exchange at R35.625 each (US$2.37, A$3.27), or a 5% discount to its 30-day VWAP, with plans for the miner to increase its share to up to 55%.
Onsite with Renergen
It has raised A$18.3 million, which is within its existing, pre-approved placement capacity. "Subject to its evaluation of the company and scalability of operations, it may become a...
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