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Sheffield spinoff Carawine raises A$7m in IPO

Creamer Media Senior Researcher and Deputy Editor Online
The new exploration company housing Sheffield Resources gold and base metals assets in Victoria and Western Australia, Carawine Resources, has raised A$7-million in an oversubscribed initial public offering (IPO). Sheffield, which is focusing on the Thunderbird mineral sands project in Western Australia, said on Thursday that the IPO had attracted strong interest from new investors and existing Sheffield shareholders.

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