Volatile sharemarket conditions discouraged companies from coming to the market on Wednesday. The few involved in equity raising activities included Canyon Resources, Northern Mining and Rey Resources.
Volatile sharemarket conditions discouraged companies from coming to the market on Wednesday. Of the few involved in equity raising activities:
■ Canyon Resources announced it would raise $1.4 million by placing 4 million shares at 35¢ each. The placement was made at a 9.4 per cent premium to the stock’s last close.
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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
