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Slab of funding raised by Echo

HAVING nearly tripled in market value over the past few months, Echo Resources has returned to investors for A$15 million in an equity raising underwritten by Canaccord Genuity.

Michael Quinn
Slab of funding raised by Echo

  The funds are being raised by issuing new shares at 22c, with Echo raising $5 million at the end of July by pricing shares at 10c and the stock closing Friday at 26.5c. Echo is yet to specify the...

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