Lycopodium takes new turn

ENGINEERING consultancy Lycopodium is seeking to raise $6 million through a non-underwritten offer in the lead up to listing on the Australian Stock Exchange in January next year. It said it would use the extra capital to expand its current operations and capture more of the booming resources market.

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Chairman Mick Caratti said the company was not well known outside the engineering circle, but it had been involved with major mining projects, including the Telfer redevelopment in Western Australia

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