CAPITAL MARKETS

Funds piling in for Aztec

AZTEC Resources has sewn up about a third of the funding for its $125 million Koolan Island iron ore project after broker Lonsec agreed to fully underwrite $42.3 million worth of options due to expire at the end of the month.

Michael Vaughan

Funds piling in for Aztec

The options carry an exercise price of 17c and were issued free attaching in Aztec’s one-for-two rights issue completed in January this year. The rights issue raised $42.3 million. Once the proceeds...

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