Copper $ 4.6895 / lb -0.31%

Brent Crude Oil $ 58.74 / bbl -1.06%

Palladium $ 960 / ozt 0.37%

Crude Oil $ 55.98 / bbl -1.37%

Natural Gas $ 3.682 / Btu 0.30%

Silver Futures $ 32.315 / ozt 0.20%

Aluminum Futures $ 2354.75 / ton 0.05%

Micro Gold Futures $ 3291.3 / ozt 0.39%

Micro Silver Futures $ 32.305 / ozt 0.08%

Platinum $ 964.9 / ozt -0.28%

Gold Futures $ 3263.6 / ozt 0.51%

Go to MDC Markets

Perilya is raising $110 million

Michael Allan McCrae | October 28, 2011 | 1:46 pm Base Metals Precious Metals Australia Europe Lead Silver Zinc

Perilya Limited (ASX:PEM), an Australian base metal miner, plans to raise A$110 million to delever the company’s balance sheet and fund the company’s ongoing activities.

The company said on Wednesday that it plans to issue 263,037,782 ordinary share at 42 cents per share. UBS AG is the underwriter.

Perilya Limited has a zinc, lead and silver mine in Broken Hill, New South Wales. Perilya’s operations also include the Flinders Project in South Australia and the Mount Oxide Project in Queensland.