St. Barbara Ltd. (AU:SBM) has released an update.
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St Barbara Limited has announced a $100 million fully-underwritten share placement, alongside a $10 million share purchase plan for eligible Australian and New Zealand shareholders. This move is aimed at funding key infrastructure projects, including a new ball mill circuit and a wharf, to expedite production at its Simberi Sulphides site. The share purchase plan offers shares at a discounted price, allowing eligible investors to partake without incurring transaction costs.
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