CAPITAL MARKETS

Panoramic halves Horizon stake

HORIZON Gold might be inching closer to a pre-feasibility study into starting mining at its 1.4 million ounce Gum Creek gold project, but its parent company has cashed in its chips to raise some quick cash.

 Gun Creek.

Gun Creek.

Panoramic Resources raised A$5.5 million from the sale of half its stake to Zeta Resources, a long-time Panoramic backer.   Zeta paid a 59% premium to Horizon's recent trading levels of 17c, by handing...

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