CAPITAL MARKETS

Allied cashes up for Simberi growth

JUNIOR miner Allied Gold has raised $A30.75 million to pay down its debt and fund expansion operations at its Simberi project in Papua New Guinea.

Kate Haycock
Allied cashes up for Simberi growth

The junior gold miner said it had placed 61.5 million shares to 50c each in an oversubscribed share issue to raise the funds. Subscribers to the placement include some of Allied's institutional shareholders...

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