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Moly buffs up war chest

MOLY Mines has boosted its coffers to the tune of $A24 million following the completion of a share placement to investors on the Toronto Stock Exchange, which saw the bookbuild exercise close within hours and heavily oversubscribed.

Rebecca Lawson
Moly buffs up war chest

The placement consisted of 7.5 million shares at $C3.00 ($A3.20) per share, which Moly said represented a 5% discount to the five-day volume weighted average price on both the TSX and the Australian Stock...

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