Red-hot explorer Polymetals preps capital raising, taps Blue Ocean
Sources say Polymetals, the owner of the Endeavor silver-zinc-lead mine in the Cobar Basin region, is working with stockbroker Blue Ocean Equities on a raise.
Zinc and silver explorer Polymetals is preparing to launch a $20 million to $30 million capital raising off the back of a more than 200 per cent increase in its share price over the past year, Street Talk understands.
Polymetals is preparing to press go on a capital raising. Rob Homer
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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
