Listed gold hopeful Black Cat Syndicate has tapped investors for $36 million in a bid to restart the dormant Paulsens mine before the end of this year.
About 133.3 million shares are set to be issued to institutional and sophisticated investors at 27¢ apiece to raise the cash. Shares in the Black Cat were changing hands at about 34¢ before they ducked into a trading halt last week.
Source Agencies
