Shares in Aureus Mining (AUE) fell 12 per cent on news that the company is raising $80m (£50m) to help fund the $150m needed to build its New Liberty gold project in Liberia. At the London end of the fund raising, 84.7m shares are being offered at 50p each.
IC TIP:
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at
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Three institutions have been tasked with the placing which, given Aureus's supportive shareholder base, should be completed in short order. Aureus also remains in discussions with banks to provide the debt to fund the balance.
