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Tearaway explorer Stavely Minerals raises equity

ASX-listed minerals explorer Stavely Minerals is seeking to capitalise on investor interest in the stock, which has seen its share price quadruple in the past three weeks.

Stavely was in front of investors with a $19 million equity raising at $1 a share on Thursday morning.

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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

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Original URL: https://www.afr.com/street-talk/tearaway-explorer-stavely-minerals-raises-equity-20191010-p52zd1