CAPITAL MARKETS

Cash-depleted Meeka puts protections in place

Miner about to produce first gold, but treasury was on the ‘low’ side

Cash-depleted Meeka puts protections in place

Credits: Shutterstock

With its cash pile dwindling, Meeka Metals has allocated A$40 million of an upscaled $60 million equity raising (at 15c per share) to "working capital", with $4 million to be spent on gold put options....

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