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Papillon to raise A$52.9m for Fekola development

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PERTH (miingweekly.com) – Gold developer Papillon Resources was looking to raise some A$52.9-million through a share placement to institutional investors. The ASX-listed junior reported on Wednesday that it would place some 39.5-million shares, at A$1.34 a share to investors in Australia, Asia, Europe and North America, to raise the proceeds. Funds from the raising would be used to ...

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