A-Cap boosts bank balance

SHARES in A-Cap Resources soared as much as 27% in morning trade after the company announced $A10 million had been raised via a share placement, with AIM-listed Polo Resources to become the largest shareholder through its participation in the placement.

A-Cap boosts bank balance A-Cap boosts bank balance A-Cap boosts bank balance A-Cap boosts bank balance A-Cap boosts bank balance

The Melbourne-based company said Polo, which specialises in investing in global uranium and coal opportunities, will emerge with a 19.9% stake in A-Cap after the placement has been completed.