Sphere Minerals entitlement offer

Overview:

• Sphere Minerals has made a share entitlement offer.
• The company aims to raise A$240 million.
• Sphere conducted the rights issue to raise funds to repay a loan from its major Glencore Australia Holdings (a related body corporate of its largest shareholder Sidero) and to fund the company's ongoing operations from the end of August 2015.

Katrin Kostadinova - Data analyst