CAPITAL MARKETS

Resolute says big equity funding 'final step' to sustainable production

RESOLUTE Mining says an underwritten A$140 million equity raising is the "final step" in its "transition to (becoming) a sustainable gold producer with a de-risked balance sheet".

 Syama, Mali

Syama, Mali

The raising, which prices new shares at 16c each, will reduce net debt from US$156 million to $65 million. Resolute shares last traded at about 20.5c. An additional A$60 million could be raised from...

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