EXPLORATION & DEVELOPMENT

DRD says $60m raising shows it's serious about growth

DURBAN Roodepoort Deep is raising US$60 million via a convertible note issue to fund various initiatives including US$15 million for the acquisition of gold companies.

Michael Quinn

DRD says $60m raising shows it's serious about growth

Not surprisingly, DRD was coy on potential targets, with CFO Ian Murray quoted as saying the company now had a "war chest" to illustrate to investors that it was serious about growth. DRD plans to spend...

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