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RIO Rio Tinto Plc

5,464.00
22.00 (0.40%)
Last Updated: 12:37:58
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  22.00 0.40% 5,464.00 5,463.00 5,465.00 5,493.00 5,454.00 5,475.00 684,006 12:37:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 54.86B 10.06B 6.1815 8.84 88.91B

Arizona Sonoran Copper: Rio Tinto Included in C$30.5 Million Private Placement

28/04/2022 12:42pm

Dow Jones News


Rio Tinto (LSE:RIO)
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By Adriano Marchese

 

Arizona Sonoran Copper Co. said it will raise 30.5 million Canadian dollars, the equivalent of US$23.8 million, by way of a private placement, which includes Anglo-Australian mining giant Rio Tinto PLC.

The Toronto-listed copper developer said it will issue around 15.2 million common shares at a price of C$2 apiece, representing a discount of 3.4% to Wednesday's closing price.

Among the investors, Rio Tinto will subscribe for 6.4 million and will then own around 7.4% of Arizona Sonoran's outstanding share capital.

Meanwhile, private equity firm Tembo Capital Elim Co-Investment LP will subscribe for 3.9 million shares, its holding will reduce to 35.5% from 37.6%, Arizona Sonoran said.

The company said the funds provide it with significantly more capital to put toward delivering scale to the main project by way of intensive exploration and metallurgical testing at its Cactus mine in Arizona.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

April 28, 2022 07:27 ET (11:27 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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