PROJECT FINANCE

Gascoyne announces $125M funding package

GASCOYNE Resources is set to raise A$125 million as it emerges from administration, with a fully underwritten placement and a new debt facility, allowing it to reduce its debts, return to trading, and both fund exploration and resource definition drilling for the first time in more than a year.

Gascoyne announces $125M funding package

The total funding package is aimed at allowing the company to affect its deed of company arrangement, emerge from the control of administrator FTI Consulting, and see the gold miner to continue its life...

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