CAPITAL MARKETS

Cook, Shellabear backing Nico fundraising

NICO Resources chairman Peter Cook and managing director Jonathan Shellabear are putting at least A$1.25 million into a $7.3 million equity raising, with the duo plus another director Stewart Findlay also underwriting another $1 million of the pro-rata non-renounceable entitlement offer.

Cook, Shellabear backing Nico fundraising

The raising is being priced at 40c per share. Nico will use about $4 million of the raising for a metallurgical testwork program for its Central Musgrave nickel-cobalt project, including a continuous...

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