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New Century hoping to halve debt

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
Base metals miner New Century Resources has announced plans for a $25-million capital raise to retire over half of its existing net secured debt. The ASX-listed company on Wednesday said that it would raise some $15-million through a share placement to two existing institutional shareholders and new investor, US hedge fund Luxor Capital.
 
 
 
 
 

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