CAPITAL MARKETS

Pantoro shoring up balance sheet as Norseman gold production builds

GOLD miner Pantoro is raising up to A$35 million in new equity for its budding gold business to ensure it doesn’t come under any undue financial pressure at it ramps up output at its new 50%-owned Norseman operation.

 Pantoro shoring up balance sheet as Norseman gold production builds

The company has launched a $25 million institutional placement pricing new shares at 14.5c and having capacity to accept $5 million of oversubscriptions. A $5 million SPP for shareholders is also in...

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