trending Market Intelligence /marketintelligence/en/news-insights/trending/blalvaVxHTGnF6gfbbKldA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Capricorn Metals raising A$65M to accelerate Karlawinda gold development

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Capricorn Metals raising A$65M to accelerate Karlawinda gold development

Capricorn Metals Ltd. said Aug. 13 that it is raising A$65 million in two tranches to fund the accelerated development of its preproduction-stage Karlawinda gold project in Western Australia.

The Australia-listed explorer said the fundraising will enable it to satisfy a key condition of the A$107 million debt and gold hedging facility offer from Macquarie Bank Ltd. for the Karlawinda development. The company is working with the bank to expedite availability.

The placement will comprise 406.25 million shares at 16 Australian cents apiece. Shareholders Paradice Investment Management Pty. Ltd. and Hawke's Point Holdings I Ltd. will take part and A$10 million in commitments have been secured from several founders of Equigold NL.

Capricorn Metals will seek shareholder approval for the second tranche of the offering, with a meeting scheduled for around Sept. 24.

The company aims to start construction in the March 2020 quarter, with gold production anticipated about a year later.