SPR 1.11% $1.37 spartan resources limited

The AFR is saying Gascoyne Resources has hired Perth...

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    The AFR is saying

    Gascoyne Resources has hired Perth stockbrokers Hartleys and Argonaut Securities to oversee an equity raising.

    The brokers launched a $15 million placement on Thursday morning, which was able to be increased to as much as $19 million, and would be followed by a share purchase plan to raise up to another $5 million.

    Gascoyne was proposing to issue new shares at 30¢ each which was a 16.7 per cent discount to its last close.
 
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