CAPITAL MARKETS

Crescent holders back strategic alliance

CRESCENT Gold says it will move from being an explorer and project developer to a mid-tier gold producer of note after shareholders on Friday supported the company’s previously announced $122.25 million strategic alliance with Deutsche Bank.

MiningNews.Net
Crescent holders back strategic alliance

The shareholder approved alliance will now see a private placement to Deutsche Bank of 321.7 million shares in Crescent at 38c per share, giving Deutsche Bank a 55.38% voting interest in Crescent and expanding...

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