West Face Capital sells more shares of Mandalay Resources
Canadian alternative investment manager West Face Capital has received gross proceeds of $18.4 million from a previously announced secondary offering of common shares of Mandalay Resources Corp (TSX: MND). West Face, which has backed the company since 2010, now holds about 17.3 percent of its outstanding common shares. The Toronto-based Mandalay is natural resource company with producing assets in Australia, Chile and Sweden, and a development project in Chile. Last September, West Face completed a secondary transaction that gave it $50.6 million in proceeds.
22 June 2015•2 mins read
