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Mandalay raises C$60m to stabilise liquidity position

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Writer
 
GOLD
TSX-listed Mandalay Resources has announced plans to raise C$60-million to address its short-term liquidity requirements. The financing will be raised through a marketed public offering of up to about C$50-million of subscription receipts and an $8-million convertible bridge loan from a CE Mining affiliate.
 
 
 
 
 

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