West Australian gold explorer Spartan Resources has kicked off a $220 million institutional placement.
Joint lead managers and book runners Canaccord Genuity and Sternship Advisers were rounding up investors at $1.32 per share – a 7 per cent discount to the last traded price – on Tuesday morning. Euroz Hartleys is acting as co-manager for the non-underwritten placement.
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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
