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Juniors come to the market for capital

Raisings were limited to the small end of town on Friday. Thor Mining, Automotive Technology, Latin Resources and Papillon Resources were among the companies to come to market for equity capital.

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Raisings were limited to the small end of town on Friday. Thor Mining, Automotive Technology, Latin Resources and Papillon Resources were among the companies to come to market for equity capital.

■ Thor Mining raised £400,000 ($612,000) by placing 23 million shares at 1.75p each to UK sophisticated clients of Simple Investments. The funds will go towards exploration and evaluation programs at the Dundas (Western Australia) and Spring Hill (Northern Territory) gold projects, and also to further fund the Molyhil Tungsten/Molybdenum Project (NT).

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    Original URL: https://www.afr.com/markets/equity-markets/juniors-come-to-the-market-for-capital-20110527-icujp