CAPITAL MARKETS

Options raise $17.6M for Cardinal

THE exercise of listed options has netted A$17.6 million in proceeds for near-term gold developer Cardinal Resources.

 Cardinal CEO Archie Koimtsidis presenting at ResourceStocks Sydney this week

Cardinal CEO Archie Koimtsidis presenting at ResourceStocks Sydney this week

Investors exercised 117.4 million listed options at a strike price of 15c that expired on Monday. It represented an exercise rate of 99.84%, with only 188,081 options expiring unexercised. Cardinal...

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