PROJECT FINANCE

Novo boss backs White Rock raising for Pogo-style target

NOVO Resources founder and chairman Dr Quinton Hennigh is among a group of investors throwing support behind a A$7.35 million capital raising that minnow White Rock Minerals has completed to fund drilling of the giant Last Chance gold anomaly within its Red Mountain project in Alaska’s Tintina gold belt.

 Red Mountain could be home to the yellow metal, White Rock hopes.

Red Mountain could be home to the yellow metal, White Rock hopes.

The cash is coming in the form of a placement and fully underwritten share purchase plan priced at 0.3c, a 25% discount to the past month's trading, and precedes a 1:100 share consolidation to tidy up...

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