Wednesday, February 8, 2023
Capital raise

Paladin raises $192 Million

Source : ASX-listed Paladin Energy ((PDN)) last week announced a $218.7 capital raise. At the time of writing $192.5m had been successfully completed via an institutional placement and the institutional component of the entitlement offer. The balance of funds will be raised (also at $0.37) via a fully underwritten retail entitlement offer which opens on March 24. Paladin Energy (PDN) has successfully completed a placement and institutional entitlement offer and raised $192.5 millionThis forms part of a larger $218.7 million equity raise to redeem senior debts and reduce its capital structureUnder the placement,...

Azerbaijan, Turkey discuss prospects of cooperation in mining sector

Source : AzerGold CJSC plans to commission six more gold deposits, including the sulfide phase of the Chovdar gold deposit, as well as one polymetallic and four copper ores in 2021-2027, AzerGold Chairman of the Board Zakir Ibrahimov said, the company informs.  Ibrahimov made the statement at a meeting with representatives of Eti Bakir JSC, which is a subsidiary of Cengiz Holding, one of the largest in Turkey. The parties noted the high level of friendly and fraternal relations between the two countries, the availability of great opportunities for expanding cooperation...