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Poseidon shuns suitor for $75M raising

POSEIDON Nickel has launched a A$75 million fundraising, which has led private equity firm Black Mountain Metals to withdraw a takeover proposal for the company.

Kristie Batten
Black Swan

Black Swan

Poseidon has already completed a $5.8 million placement to sophisticated and professional investors including Andrew Forrest's Squadron Resources. It will increase Squadron's stake in Poseidon from...

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