Frontier Rare Earths Said to Raise About C$60 Million in IPO
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Frontier Rare Earths Ltd. raised C$60 million ($59.8 million) in an initial public offering, 50 percent more than planned, to develop a South African deposit of rare metals used in computers and car batteries, said two people familiar with the sale.
The Luxembourg-based company sold 17.65 million units consisting of one share and half a warrant for C$3.40 each in the Canadian offering, according to the people, who asked not to be identified because the plans aren’t public. Frontier sold a