Evolution Mining Limited has announced a 2 for 15 accelerated, renounceable entitlement offer to raise $401m to support the acquisition of an economic interest in the Ernest Henry operation.

$311m will be raised through an institutional component from new and existing institutional investors, and the remainder through a Retail Entitlement offer. The Retail Entitlement offer opens 1 September 2016, and closes 14 September 2016.

For more information please see http://evolutionmining.com.au/