Poseidon shuns suitor for $75M raising

POSEIDON Nickel has launched a A$75 million fundraising, which has led private equity firm Black Mountain Metals to withdraw a takeover proposal for the company.

Poseidon shuns suitor for $75M raising Poseidon shuns suitor for $75M raising Poseidon shuns suitor for $75M raising Poseidon shuns suitor for $75M raising Poseidon shuns suitor for $75M raising

Black Swan

Poseidon has already completed a $5.8 million placement to sophisticated and professional investors including Andrew Forrest's Squadron Resources.