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CGA in cash grab for Masbate

GOLD producer CGA Mining has launched a $C25 million ($A26.7 million) placement to raise funds for further enhancements of its newly commissioned Masbate gold project in the Philippines.

Kristie Batten
CGA in cash grab for Masbate

The company has engaged BMO Nesbitt Burns and a syndicate including Haywood Securities to act as agents for the private placement. The shares will be priced at $1.70 each. The offer, which is subject...

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