Markets

Admiralty makes sole raising in jittery market

Nervous investors and volatile equity markets have all but killed local equity capital markets activity. Only one company announced a capital raising on Tuesday: Admiralty Resources, which raised about $3 million.

Anthony MacdonaldColumnist

Mar 29, 2011 – 5.31pm

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Nervous investors and volatile equity markets have has all but killed local equity capital markets activity. Only one company announced a capital raising on Tuesday: Admiralty Resources , which raised about $3 million.

■ Admiralty Resources raised $3.024 million in a placement to Sino Investment & Holding. The placement makes Sino the company’s largest shareholders and Sino director Dr Shaoqing Li has been appointed to Admiralty’s board.

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.