CAPITAL MARKETS

Orinoco gets big backing

EMERGING Brazil miner Orinoco Gold looks to have attracted strong attention with an undisclosed resource sector investment firm said to be considering buying up to $A15 million worth of new shares that would give it 20-30% stake in the junior.

Michael Quinn
Orinoco gets big backing

Orinoco is raising $6 million in an entitlement ($5 million) and placement ($1 million), with the same firm contemplating taking up $1.3 million of any shortfall. A potential second transaction with...

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