Funding boost for Red 5

EMERGING gold producer Red 5 has raised $A15 million through a share placement to advance a six-month working capital contingency plan at its Siana gold project in the Philippines, which includes open pit stripping.

Funding boost for Red 5 Funding boost for Red 5 Funding boost for Red 5 Funding boost for Red 5 Funding boost for Red 5

Casimir Capital and Petra Capital together placed 7.1 million shares at $2.12 to institutional shareholders to raise the funds before costs.

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