ASX-listed Eastern Goldfields will raise a minimum of A$25-million through a share placement to complete the commissioning of the Davyhurst operation, in Western Australia.
The company on Tuesday said that it will issue up to 80-million shares, at a price of 35c each to sophisticated, profession and institutional investors, and will also take oversubscriptions of an additional 20-million shares, subject to final demand from offshore investors.
