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Norseman locks in $18M private placement

GOLD producer Norseman Gold has raised $A18.3 million from a private share placement to bring its North Royal open pit in Western Australia into production.

MiningNews.Net
Norseman locks in $18M private placement

The company made a private placement of 25 million new ordinary shares through Ocean Equities and Seymour Pierce. Last month the miner posted an 85% drop in after-tax profit for 2009-2010 of $A73.4 million,...

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