Legacy Iron Ore to raise $25M, NMDC takes up entitlement - Legacy - TopicsExpress

Legacy Iron Ore to raise $25M, NMDC takes up entitlement - Legacy Iron Ore (ASX: LCY) will look to raise $25 million via a 3 for 1 renounceable entitlement issue at $0.014 per share.This is pitched at a 23.9% discount to the average closing market price over the last 10 trading days. Major shareholder Indias National Mineral Development Corporation Ltd has confirmed it will take up its full entitlement under the offer of a minimum amount of approximately $12.1 million.... ow.ly/2JFBXp

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