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High demand for Poseidon raising

POSEIDON Nickel has raised $A30 million in an oversubscribed placement, leaving the company fully funded to bring its Windarra mine back into production.

Kristie Batten
High demand for Poseidon raising

In a raising led by Petra Capital, Poseidon placed 166.6 million shares at 18c per share to strategic, professional and sophisticated investors. The issue price represents a 14% discount to Poseidon’s...

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