Capricorn cashes up for development

THE new-look Capricorn Metals has raised A$65 million to expedite the development of the Karlawinda gold project, near Newman in Western Australia’s Pilbara region.

Capricorn cashes up for development Capricorn cashes up for development Capricorn cashes up for development Capricorn cashes up for development Capricorn cashes up for development

The Karlawinda camp in WA's Pilbara region

Argonaut Securities acted as lead manager to the placement of 406.25 million shares at 16c each.

The issue price represents a 15.8% discount to the last closing price of 19c.