CAPITAL MARKETS

Kingsgate grabbing funding to get Chatree back up to speed

THAILAND returnee Kingsgate Consolidated is raising up to circa A$60 million in new equity as it works towards production of 100,000-130,000 ounces per annum for the next 10 years from its recently rebooted Chatree operation.

Chatree in Thailand

Chatree in Thailand

Institutions are being tapped to buy around $50 million worth of shares priced at $1.50-1.60 each, while a subsequent share purchase plan will seek a further $10 million. Kingsgate will use the funds...

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