Troy raises cash to fund growth

September 6, 2016

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Gold miner Troy Resources was looking to raise up to A$40.7-million through an institutional placement and non-renounceable entitlement offer to accelerate growth opportunities.

The ASX-listed company would issue up to 113-million new shares, priced at 36c each. Some A$18.4-million would be raised through an institutional placement, while an accelerated non-renounceable 1-for-5.5 pro rata entitlement offer would raise a further A$22.3-million.

Category: General