PROJECT FINANCE

Variscan MD backs placement after being 'flummoxed' by market reaction

JUST days after saying he was perplexed by the market's somewhat cautious reaction to Variscan Mines' recent high-grade hits from drilling at its flagship Novales-Udias project in Spain, managing director Stewart Dickson has put his money where his mouth is.

Variscan is hoping to resurrect mining at Novales-Udias

Variscan is hoping to resurrect mining at Novales-Udias

The MD will seek permission to participate for A$50,000 as part of an oversubscribed A$4.25 million placement priced at 8c, a 14-15% discount to recent trading levels. Late last week, while pitching...

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