Croesus capital raising

GOLD producer Croesus Mining is looking to top up its coffers with an $A8.6 million raising to fund accelerated mine development and exploration at its Norseman gold operations in Western Australia.

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Croesus is offering a pro-rata renounceable rights issue on the basis of one share for every 10 shares at 26c each. A total of 32.9 million shares will be issued.

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