Renison raises Tom's Gully cash

EMERGING gold miner Renison Consolidated Mines is looking to raise almost $A12 million in equity in a move to allow for the Tom’s Gully mine in the Northern Territory to be developed without further committed hedging.

Renison raises Tom's Gully cash Renison raises Tom's Gully cash Renison raises Tom's Gully cash Renison raises Tom's Gully cash Renison raises Tom's Gully cash

Renison is raising the funds through a $6.6 million convertible note issue to undisclosed institutional and sophisticated investors and a $5.25 million convertible note issue to existing shareholders.

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