Capricorn unveils intriguing fund raising

BACKED by capital markets firms Nero Resource Fund and Neon Capital, gold project seller Capricorn Metals has decided to raise A$10 million by issuing new shares at 6.5c in a transaction underwritten on a headline basis by Argonaut Capital.

Capricorn unveils intriguing fund raising Capricorn unveils intriguing fund raising Capricorn unveils intriguing fund raising Capricorn unveils intriguing fund raising Capricorn unveils intriguing fund raising

Argonaut said it had entered into pre-commitment letters with two existing shareholders, Nero and Neon, with each "expected" to sub-underwrite the entitlement offer for up to $4 million each.

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