BRIEF-Hochschild launches 3-for-8 rights issue to raise about 64.8 mln stg
Oct 15 (Reuters) - Hochschild Mining Plc :
* Launch of a rights issue to raise approximately £64.8 million in proceedsProposing raise by way of a 3 for 8 rights issue of 137,883,138 new ordinary shares at a price of 47.00 pence per new ordinary share
* Issue price represents a 47.6 pct discount to closing price of 89.75 pence per existing share on Oct. 14, 2015
* Received irrevocable undertaking from Inversiones Aspi S.A. (co via which Eduardo Hochschild will exercise rights to subscribe) to subscribe 68,887,508 ordinary shares
* Net proceeds of rights issue will strengthen balance sheet and provide flexibility necessary to enable co to continue to implement its strategy Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)
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