CAPITAL MARKETS

Gleneagle seeks more funds

GLEANEAGLE Gold has been forced to seek additional funds for the ramp up of its Fortnum operations in Western Australia and ongoing exploration programs after the start of production was “later than budgeted”.

Ben Sharples
Gleneagle seeks more funds

The gold miner said the additional working capital of $A1-2 million would be funded by an extension to the existing Westpac facility of $7.35 million, subject to final approval by the bank, and existing...

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