Afren tests appetite in $125m share placement

April 15, 2009 12:00 am

Aim-listed explorer Afren is testing the waters for share placements in an accelerated bookbuild with the target of raising $125m. The deal, if successful, will prove investor interest in exploration and mining businesses from the African continent, and follows a £75m placement by Gem Diamonds and a $190m bookbuild and rights issue for Aquarius Platinum. Will investors support further share placements from the sector? Turn to EuroWeek on Friday.

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