London-listed Ukrainian iron ore miner Ferrexpo has warned it could run out of cash by the end of August unless it secures fresh funding, as Russia’s invasion continues to disrupt its operations.
The company said on Wednesday it was considering an equity capital raise of at least $100mn, warning that without it, “it is highly likely” that the company would have “no option but to file for insolvency”.
Its shares closed down 25 per cent to 32.3p in London trading on Wednesday.
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