Teetering Navigator returns to market

SHARES in embattled gold producer Navigator Resources have slumped to less than half a cent after the company announced it would embark on a $A16 million discounted rights issue to stay afloat.

Teetering Navigator returns to market Teetering Navigator returns to market Teetering Navigator returns to market Teetering Navigator returns to market Teetering Navigator returns to market

The company is offering 7.2 new shares for every one share held at an issue price of 0.1c per share to raise $16 million before costs.

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