United States: Atlas Iron Plans to Raise A$120 Million Selling Stock.Byline: sanjayV03 Atlas Atlas, in Greek mythology Atlas (ăt`ləs), in Greek mythology, a Titan; son of Iapetus and Clymene and the brother of Prometheus. Iron Ltd., the Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. iron ore producer that started shipping to China last year, plans to raise about A$120 million ($98 million) selling shares to expand the company, Managing Director David Flanagan said. We are raising money and it is in the order of A$120 million, Flanagan said in a phone interview from Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. today. It s going to existing shareholders and international instituions. It s been extremely heavily subscribed. Perth-based Atlas has been suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. from trading this week. The stock has almost doubled this year, giving it a market value of A$515 million. The bigger picture is that world international financial markets have switched back on now to invest in resources in a really big way, Flanagan said. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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