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May 10, 2019

Blair Athol owner in $63m restructure move

Blair Athol owner in $63m restructure move

Blair Athol mine owner TerraCom Resources has announced a $63 million restructuring plan. TerraCom is launching a fully underwritten entitlement offer to raise about $35 million. It has also entered a $28 million convertible bond with shareholder OCP Asia. “The funds raised will significantly reduce the company’s cost of debt and provide vital leverage in…

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