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Retrieved on: 2018-04-22 07:48:45
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<div>South32 subscribed for 40% of the offering, with Electrum Strategic Opportunities Fund taking around 20%, the <b>Baupost Group</b> taking roughly 10% and Selz Capital taking about 4%. South32 paid around $11.5 million for its shares at $1.16 per share, which will take its stake in Trilogy to 12.5%.</div>
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