M&A

Drummond walks away from Maldon

A LACK of suitable funding arrangements available is behind Drummond Gold's decision not to proceed with the $A5.4 million acquisition of the Maldon gold project in Victoria from Alliance Resources.

Kristie Batten

Drummond walks away from Maldon

Drummond said it had received a number of funding proposals, but none were considered beneficial to the company or shareholders. The company also failed to complete a $3 million capital raising by Friday,...

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