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Explaurum welcomes Alkane investment

Junior gold producer Alkane Resources has agreed to invest A$8 million in takeover target Explaurum

Kristie Batten

Alkane will subscribe for 66.66 million shares at 12c each to become a 12.2% shareholder in Explaurum. The issue price represents a 9.1% premium to the 30-day volume-weighted average price of Explaurum...

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