WA gold producer Pantoro was back in front of investors on Friday, seeking to raise about $88 million via a placement priced at 8¢ a share.
Petra Capital and Euroz Hartleys were appointed joint lead managers, while Canaccord acted as co-lead manager. The 8¢ offer price represented a 7 per cent discount to the last close and a 7.1 per cent discount to the five-day volume-weighted average price.
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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
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
