CAPITAL MARKETS

Musgrave cashes up after recent Starlight gold success

MUSGRAVE Minerals is raising new equity of A$6 million that will take its cash holdings to $8.4 million for exploring the Break of Day gold project in Western Australia, featuring the new Starlight gold discovery.

 Drilling at Starlight

Drilling at Starlight

The fundraising is being done at 10.5c per share, with the identity of the investors involved being undisclosed by Musgrave. Canaccord Genuity and Veritas Securities were joint lead managers and bookrunners....

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