Deals this week: Evraz Group, Winmar Resources
Evraz Group SA is intending to raise $750m from a notes offering in order to refinance its existing debts.
Due March 2023, the notes will carry a coupon rate of 5.375% a year.
The issuing company is based in Luxembourg, while its UK-based parent company EVRAZ PLC’s deals in steel, mining and vanadium.
Australian mining company Winmar Resources Limited intends to raise A$0.7m ($0.52m) through a rights offering of fully paid ordinary shares.
The company will issue 175,379,979 shares at a price of A$0.004 ($0.003) as part of the offering.
Proceeds are intended to be used to fund drilling, geophysical surveys and mineral resource estimate of the Lomero goldsilver-copper-zinc project for the maintenance of Hamersley Iron Project, and to supplement general working capital.