West Face Capital takes $50.6 mln from sale of Mandalay shares
West Face Capital has obtained gross proceeds of $50.6 million from a previously announced secondary offering of common shares of Mandalay Resources Corp (TSX: MND). Following the transaction, West Face will hold around 91 million common shares in the company, representing approximately 26.6 percent of the total. Based in Toronto, Mandalay is a mining company with producing assets in Australia and producing and development projects in Chile. West Face is a Canadian alternative investment manager that combines control-through-distressed, high-yield, negotiated finance, proactive equity and private equity activity.
9 September 2014•3 mins read
