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New floats off to solid start

TWO new entrants to the bourse had positive starts to their trading life today, with both West African Resources and Renaissance Minerals closing their first day on the market at a premium to their initial public offer price.

Nick Evans
New floats off to solid start

West African Resources, which closed a $6.5 million IPO heavily oversubscribed in mid-May, closed the day at 23c, 3c above its 20c IPO price. The stock saw moderate turnover of 890,000 through the day....

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