CAPITAL MARKETS

Beaconsfield finds its white knights

BEACONSFIELD Gold said it has attracted investors willing to stump up $6.5 million in cash, which could see the retirement of the receiver and manager appointed in June 2001 and the resumption of trading in the Tasmanian gold miner's shares.

Michael Quinn

Beaconsfield finds its white knights

The company, which owns 48.49% of the Beaconsfield gold mine (with Allstate Exploration holding the balance), also said a substantial banking group had approached it about refinancing its existing facilities...

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