Street Talk understands the $108 million company has called in lead manager and bookrunner Argonaut to round up fresh funds for its Western African operations.
Listed gold miner Turaco Gold is running a $16 million placement to develop its Cote d’Ivoire project in West Africa.Street Talk understands Turaco Gold has called in Argonaut Securities as the lead manager and bookrunner to round up fresh funds for its Western African operation.
Sources said the $108 million market cap company will tap the market for $16 million via an institutional placement priced at 16¢ per share – or a skinny 5.9 per cent discount to its last traded price. Shares went into a trading halt on Monday morning.to record highs above $US2400 an ounce despite elevated real bond yields, which account for inflation, and a robust US dollar. Both of those have historically worked against gold’s favour.
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