Namibia: Koryx Copper Seeks to Raise N$300m for Haib Project

Canadian company Koryx Copper, which is developing the Haib Copper Project in Namibia, made a deal to raise C$25 million (approximately N$300 million) by selling new shares of their company.

According to a statement by Koryx chief executive Heye Daun, Stifel Canada is helping them sell these shares, and a group of other companies (called underwriters) are also involved.

The shares are being sold at C$2.45 (about N$29) per common share in Canada and the United States.

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