St Barbara takes stake in Peel Mining

April 3, 2017

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Gold miner St Barbara has taken a 9.5% shareholding in fellow-listed Peel Mining, subscribing for 16-million ordinary shares, at a price of 20.5c each.

Peel told shareholders on Tuesday that the A$3.3-million raised will allow for the acceleration of upcoming work programmes at the company’s Wagga Tank volcanic massive sulphide prospect, in New South Wales.

Category: General