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Carnaby kicks off $15m raise to fund acquisition; Glencore cornerstone

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WA copper and gold explorer Carnaby Resources had its broker rounding up investors for a $15 million placement on Tuesday morning to fund the acquisition of the Trekelano copper mine.

Lead and copper smelters dominate the skyline of Mount Isa. Paul Harris

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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/carnaby-kicks-off-15m-raise-to-fund-acquisition-glencore-cornerstone-20241126-p5ktjz