Polo Resources notes Blackham Resources raises about A$25m

19th Aug 2016 11:52

(ShareCast News) - Polo Resources said investee company Blackham Resources has raised about A$25m by placing roughly 25m new A$1 shares to fast-track expansion plans at the 5.1Moz Matilda Gold Project.The raising was oversubscribed and received strong institutional support.It said the placement price represented a 2% gross discount to the five-day volume-weighted average price prior to ASX-quoted Blackham entering into a trading halt on Aug. 17.The Matilda Gold Project is 100% owned by Blackham. At 11:55 BST, shares in Polo were up 10.13% to 6.85p.

Top Risers

Share	Price	Change
Ukrproduct (UKR)	2.10	44.55%
Chaarat Gold (CGH)	3.85	39.29%
Fireangel (FA.)	5.75	35.29%
Synairgen (SNG)	7.00	21.53%
Image Scan Holdings (IGE)	1.60	18.52%

Top Fallers

Share	Price	Change
Eqtec (EQT)	1.10	-21.43%
Gfinity (GFIN)	0.03	-16%
Strategic Minerals (SML)	0.165	-15%
Uk Oil & Gas (UKOG)	0.0275	-14.29%
Apq Global (APQ)	6.50	-9.09%

Top By Volume

Share	Price	Volume
Supply@me Cap (SYME)	0.02	1,661,102,421
Mosman Oil Gas (MSMN)	0.022	239,666,153
Lloyds (LLOY)	55.52	207,519,217
Clontarf (CLON)	0.0475	181,070,205
Beacon Energy. (BCE)	0.0575	128,296,205

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.