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New Century replacing some debt with equity

NEW Century Resources is to replace debt with equity via a planned US$25 million fundraising featuring US hedge fund Luxor Capital.

Michael Quinn
Century, Qld

Century, Qld

Luxor and two undisclosed existing institutional shareholders will invest a total of $15 million at A15.5c per new share, with the other US$10 million being targeted via an entitlement offer. If the...

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