Emperor placement raises $5.06 million

SYDNEY-based Fijian gold producer Emperor Mines said today it has arranged a placement of 11 million 46c shares with institutional clients of BNP Paribas Equities, both overseas, to raise $5.06 million.

Emperor said the funds would provide the company with working capital to further its business interests, and more importantly accelerate the strategy put in place last year to explore and develop the