GOLD
ASX-listed gold miner Red 5 has launched a nonrenounceable rights issue with the aim of raising some A$12.7-million to fund the initial cash consideration to acquire all of the shares in Darlot Mining company.
The one-for-three nonrenounceable rights issue will be priced at 5c a share, with more than 254.8-million shares to be issued to shareholders in Australia and New Zealand.
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