PROJECT FINANCE

Prodigy secures backing for remote NT exploration

GIVEN it has loans exceeding its cash position, and looming payment deadline, Prodigy Gold has been forced to tap capital markets for a big but dilutionary capital raising to support its plans to revamp its gold and base metals exploration programs across its Northern Territory properties.

 Prodigy is keen to get back out in the field

Prodigy is keen to get back out in the field

Pulse Markets has agreed to underwrite a A$11.65 million rights issue priced at 1c per share, sub-underwritten for up to $9.7 million by major shareholder APAC Resources, which owns 19.8%, and could end...

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