RSG 0.46% $1.09 resolute mining limited

Capital Raising..Hmmm

  1. 256 Posts.
    Below extract of today's announcement. Why are RSG raising capital, especially just after having a return of capital?

    Could they need the cash for a play on RBK, SPX, GGN or CML?


    Resolute Mining Limited has agreed to raise $7.7 million by way of a
    placement of 10.65 million shares at 72 cents per share to two
    institutional resource investors, African Lion Limited and Resource
    Capital Funds II LP.

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