Aureus Mining lost almost a tenth of its value on Friday after announcing plans to tap the market with a share placing.
The company intends to raise $80m to support the development of the New Liberty gold project in Liberia.
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In addition to raising funds via a share issue, Aureus remains in discussions with a number of banks and financial institutions which have expressed interest in providing project debt financing in order to fund the balance of the project construction and development costs in respect of New Liberty.
JH
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