Talvivaara boss signs off with huge placing of shares

Debt-laden Finnish miner Talvivaara took a bashing on Thursday morning after plans to increase its shares in issue by around one-tenth through a share placing were accompanied by the news that Chief Executive Officer Pekka Perä is to step down.

Debt-laden Finnish miner Talvivaara took a bashing on Thursday morning after plans to increase its shares in issue by around one-tenth through a share placing were accompanied by the news that Chief Executive Officer Pekka Per is to step down.

The proceeds of the placing will be used to provide additional financial and operational flexibility for the continuing ramp-up of the mining and processing operations, as well as additional capital for potential investment in energy generation.

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