Potential backers have been told mining billionaire Andrew Forrest, already a backer of Greatland Gold, will pour in $100 million.
Greatland Gold, capitalised at £350.7 million on the London Stock Exchange, has pulled the trigger on a much-anticipated $500 million equity raising to acquire gold behemoth Newmont’s non-core WA assets, Street Talk can reveal.
Sources said stockbroker Canaccord Genuity began contacting potential investors on Monday morning to build support among investors to fund the deal. It’s early days, and a term sheet is not yet on front of fund managers, sources said.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.
Australia’s biggest gold miner, Northern Star boss Stuart Tonkin, said the race for the White House is not the main game as far as gold is concerned.
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