CAPITAL MARKETS

Norton raises $20M from HK company

NORTON Gold Fields has taken a $A20 million capital injection from Hong Kong-based China Precious Metal Resources Holdings, with the Chinese group paying a hefty premium for Norton shares.

Nick Evans
Norton raises $20M from HK company

Norton Gold will issue 79.8 million shares to CPM – just under the 15% threshold which would require Foreign Investment Review Board approval – at 25c. That’s nearly a 20% premium to the company’s 30-day...

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