Croesus gets shareholder backing

IN WHAT could be interpreted as a vote of confidence in either management or the gold price, Croesus Mining’s $A8.56 million rights issue was fully subscribed after a flood of last minute acceptances.

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The Western Australian gold miner completed a pro-rata renounceable rights issue on a one-for-ten basis at 26c per share, a price equal to the 52-week low for the company’s shares seen in early

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