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Northern Star boosts cash and gold booty

IT’S been a busy morning for Northern Star Resources, which has announced a $A45 million placement, a 41% increase in gold resources at its Paulsens mine and a healthy surplus cash flow forecast for 2012.

Kristie Batten
Northern Star boosts cash and gold booty

The company placed 50 million shares at 90c per share, an 8.6% discount to the 30-day volume weighted average price, in a placement managed by Azure Capital. Subscribers were mainly London-based clients...

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