Talga Gold looks for up to $6m
Australian Financial Review
PUBLISHED: 0 hour 38 MINUTE AGO | UPDATE: 0 hour 38 MINUTE
Online EDITION: 17 Jul 2012
Diversified mineral explorer Talga Gold is raising $4 million with the help of Ord Minnett via a two-tranche, fixed-price placement. The deal size can be increased to $6 million depending on demand.
The new Talga shares are on offer at 32.5¢ apiece, representing a 21.7 per cent discount to the last close of 41.5¢ and 25.8 per cent discount to the 10-day VWAP.
Talga plans to use the proceeds for drilling, metallurgy and exploration-related activities at its portfolio of iron ore and graphite projects in Sweden.
http://www.afr.com/p/opinion/talga_gold_looks_for_up_to_VbrOiKo1I5vAjEiAZVjDFP
will be announced, page-17
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