A trio of stockbrokers – Shaws and Partners, Bell Potter and Canaccord Genuity – were rounding up investors at 22.5¢ per share.
Western Australia gold explorer Black Cat Syndicate was asking investors to tip in $7 million via a share placement to fund further exploration at its gold project Paulsens on Monday.just seven monthsA trio of stockbrokers – Shaws and Partners, Bell Potter and Canaccord Genuity – were rounding up investors at 22.5¢ per share, a 15.1 per cent discount to the last traded price and a 26.4 per cent discount to the 10-day VWAP.
Proceeds of the raise will be used for ongoing exploration activities at Paulsens, study optimisation, debt negotiation and general working capital. Black Cat tapped equity markets to help pay for a $44.5 million acquisition of two gold projects, Coyote and Paulsens, from bigger player
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