Diversified mineral explorer Talga Gold is raising $4 million with the help of Ord Minnett via a two-tranche, fixed-price placement. The deal size can be increased to $6 million depending on demand.
The new Talga shares are on offer at 32.5¢ apiece, representing a 21.7 per cent discount to the last close of 41.5¢ and 25.8 per cent discount to the 10-day VWAP.
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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
