CAPITAL MARKETS

Western Areas shareholders again back company

SHAREHOLDERS of Western Areas have shown their faith in the rapidly emerging Flying Fox nickel story by taking up nearly 80% of the shares offered via a rights issue.

Michael Quinn
Western Areas shareholders again back company

The issue raised $35.2 million for Western Areas, with the company saying the $10.4 million shortfall was subscribed for by a number of large Australian and offshore institutional clients of the two lead...

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