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Dismal raisings week ends with a whimper

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Equity capital markets bankers will be hoping for a change of fortunes after a dismal week for raisings. Junior explorers Northern Mining and Torrens Energy were among the companies to announce raisings on Friday.

■ Northern Mining placed 12.2 million shares at 3.8¢ each to raise $463,340. It placed an additional 7.55 million shares to raise another $286,900.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/companies/dismal-raisings-week-ends-with-a-whimper-20110812-i4ct0