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Monarch suffers after capital raising

MONARCH Gold copped a battering this morning on the share market after it raised $10 million, despite earlier this month announcing it needed some $35 million to finalise the purchase of the Mt Magnet gold project.

MiningNews.Net
Monarch suffers after capital raising

After emerging from a nine-day trading halt, the company's shares dropped as low as 49c this morning, a fall of 16c or almost 25%. The $10 million raising was completed via the issue of 20 million shares...

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