Eastern Goldfields raises A$25m for Davyhurst

April 17, 2017

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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.

Category: General