ASX-listed gold miner Red 5 has launched a non-renounceable rights issue with the aim of raising some A$12.7-million to fund the initial cash consideration to acquire all of the shares in Darlot Mining company.
The one-for-three non-renounceable rights issue will be priced at 5c a share, with more than 254.8-million shares to be issued to shareholders in Australia and New Zealand.
