Avocet Mining completes funding discussions and hedge restructuring

Shares in West African gold mining and exploration company Avocet Mining jumped sharply on Monday morning after the company announced that it had completed discussions regarding financing with Macquarie Bank and its largest shareholder, Elliott Management, which is the beneficial owner of 27% of the company's shares.

Shares in West African gold mining and exploration company Avocet Mining jumped sharply on Monday morning after the company announced that it had completed discussions regarding financing with Macquarie Bank and its largest shareholder, Elliott Management, which is the beneficial owner of 27% of the company's shares.

The company said that it had executed financing agreements with both parties.

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