Business
Pilbara, Galaxy face off for Altura Mining – The Australian Financial Review
Pilbara Minerals and Galaxy Resources have rushed straight to Altura Mining’s lender group to try and stitch up a snap deal to acquire the lithium play.
Investors are already up to date with Altura and its project, thanks to an extensive marketing schedule by Altura and its advisers Azure and Canaccord Genuity in the past couple of weeks.
Altura’s camp were intending to get their own $150 million-plus equity raising done, before the company’s lenders took control of the situation by appointing KordaMentha as receiver.
Pilbara, should it be able to secure a deal with the lenders, would be able to surf in on the back of that marketing, pitch a cost…
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