Harmony Gold Mining Raises ZAR1.05 Billion in Placing
June 06 2018 - 1:58AM
Dow Jones News
By Carlo Martuscelli
Harmony Gold Mining Co. Ltd. (HMY) said Wednesday that it had
raised 1.05 billion South African rand ($82.8 million) in a placing
of shares at ZAR19.12 each, a 12% discount to Tuesday's closing
price.
The proceeds came in under the ZAR1.26 billion figure that the
South African miner was aiming for. The money will be used to pay
back part of an outstanding bridge loan that was used to buy the
Moab Khotsong gold mine in South Africa.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
June 06, 2018 01:43 ET (05:43 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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