New South Wales zinc and lead miner Perilya has announced the completion of a $45.5 million share placement to Zhongjin Lingnan, China’s third largest zinc producer.
Perilya issued 197,672,000 fully paid ordinary shares at an issue price of $0.23 per share, to Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd, to acquire 50.1% of the Company.
Perilya's board has been restructured to reflect Zhongjin Lingnan’s majority shareholding. Shuijian Zhang, Minzhi Han and Wen Wang have been appointed to the Board as Non-Executive Directors and Karen Field and Phil Lockyer have retired as Non-Executive Directors.
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