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Red 5 seeks to raise US$75M

Western Australian gold miner Red 5 called a trading halt today as it launched a A$125 million (US$75 million) capital raising.

Kristie Batten
Drilling at King of the Hills in Western Australia

Drilling at King of the Hills in Western Australia

Petra Capital is acting as lead manager and bookrunner to a two-tranche placement priced at 18c per share, a 23.4% discount to yesterday's close. The offer closes tomorrow afternoon. Red 5 will also...

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