- Sirius Minerals said the open offer of its $425m capital raising had been oversubscribed.

The company, which is rounding up funding to build its flaghship fertilizer project in Yorkshire, said it had received valid acceptances in respect of around 218m shares.

'We are encouraged by the oversubscribed open offer, which underlines the strong equity market support for our comprehensive markets-led solution for stage 2 funding,' chief executive Chris Fraser said.

'Today's result takes us another step closer to bringing POLY4 to the global agriculture industry and I would like to thank shareholders and partners for their continued support.'

'We now turn our focus to delivering the next phase of the funding package, with planning for the high yield bond well underway.'

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