Business
Terms blasted for gold producer Gascoyne’s recap raising – The Australian Financial Review
Under administration gold miner Gascoyne Resources has launched its $85 million recapitalisation raising to get back on the ASX.
Funds were told the money raised would go towards repaying Gascoyne’s existing lenders $40 million and for general working capital.
In addition, $10 million was pegged for establishing a minimum cash reserve to meet the new requirements of a new $40 million bank finance facility signed with Investec Bank.
The term sheet said Gascoyne expected to resume trading on the ASX in late September.
One thorn in Gascoyne’s side is a Federal Court proceeding brought against it by activist investor Habro…
-
Noosa News7 hours agoTeenage girl killed in alleged hit-and-run at Margate north of Brisbane
-
Noosa News19 hours agoNRL legend Trevor Gillmeister charged with assaulting police officer at Brisbane pub
-
Noosa News20 hours agoSchools ban e-bikes | Noosa Today
-
Business22 hours agoMacquarie tips more than 20% upside for this ASX mining stock