Lonmin offers shares at 1p in effort to shore up finances – BBC News


BBC News
Lonmin offers shares at 1p in effort to shore up finances
BBC News
Platinum producer Lonmin has priced its £270m share sale at a discount of 94% as it fights for survival after a near-collapse in the commodity’s price. The miner said it would sell 27 billion shares at 1p per share. That compares with a share price of
Lonmin At Last Chance Saloon As Shares DiveSky News
Lonmin Falls to Record Low After Offering Shares at 94% DiscountBloomberg
Lonmin to issue discounted shares in attempt to raise capitalBDlive

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