Ivanplats And Others Begin Offering Shares

Reuters reported Ivanplats and other platinum miners are offering their shares  through equity deals.

As quoted in the market news:

New issuers are also stepping up. Last month, Ivanplats – the mining company founded by billionaire Robert Friedland – began a long-awaited process to list on the Toronto Stock Exchange.

The company, which owns copper and platinum projects in Africa, plans to sell about 60 million shares at between C$4.50 and C$5.40 as part of its initial public offering, said a source familiar with the situation. That would make the offering worth between C$270 million and C$325 million.

Click here to read the full Reuters report.