Newfield gets hedge fund backing

AUSTRALIAN hedge fund L1 Capital has decided to back ASX-listed diamond minnow Newfield Resources to the tune of A$55 million.

Newfield gets hedge fund backing Newfield gets hedge fund backing Newfield gets hedge fund backing Newfield gets hedge fund backing Newfield gets hedge fund backing
Newfield, which commenced production at its Tongo diamond mine in Sierra Leone in May, has struck an equity funding facility with L1, which is run by Mark Landau and Raphael Lamm.

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