MacBank, Dundee back Gryphon

MACQUARIE Bank and Dundee Precious Metals have agreed to back junior gold explorer Gryphon Minerals, which is raising $A3.5 million for ongoing exploration at its Banfora gold project in Burkina Faso.

MacBank, Dundee back Gryphon MacBank, Dundee back Gryphon MacBank, Dundee back Gryphon MacBank, Dundee back Gryphon MacBank, Dundee back Gryphon

Gryphon is placing 14 million shares at 25c with a number of investor groups, including Macquarie and Dundee, to raise the equity.

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