CAPITAL MARKETS

Capital Watch: Azure, Mineral Deposits and more

AZURE Minerals is chasing $A7 million through a placement and non-renounceable rights issue to fund exploration at the company’s Mexican tenements, saying late last week the $1.8 million placement has already closed oversubscribed.

Nick Evans
Capital Watch: Azure, Mineral Deposits and more

Backed by RFC Corporate and Southern Cross Equities, the placement was conducted at 5c, a 27.7% discount to the company’s 30-day volume-weighted average trading price (based on closing prices) of 6.9c....

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