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Excelsior seeks $4m for drilling

West Australian gold explorer Excelsior Gold is seeking to raise $4 million for further drilling at its Kalgoorlie North project through a share placement.

The share placement is being handled by BBY, which has done three capital raisings for Excelsior in the past two years, and will be priced at 18¢ a share, a discount on the company’s last traded price of 21.5¢.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
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/mining/excelsior-seeks-4m-for-drilling-20130220-ilu7m