CAPITAL MARKETS

Phoenix seeks $18M

PHOENIX Gold has announced plans to raise $A18.2 million through an institutional placement and non-renounceable entitlement offer.

Andrew Duffy
Phoenix seeks $18M

The price for both offers will be 13c a share, a 12.2% discount to the 10-day average. The placement is expected to raise around $7.8 million through issuing roughly 60 million shares, while the one-for-three...

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