The stop-start battle for would-be gold miner Capricorn Metals is set to take another twist, with a former suitor set to get his hands on the Pilbara-based group’s key asset, the Karlawinda gold project.
Under a deal to be announced as early as Wednesday morning, a team led by Mark Clark, who was fellow gold miner Regis Resources's long-time boss until last September, will pump up to $20 million into Capricorn via a placement, and come in and run the asset.
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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
