Red 5 to raise $50m in Petra Capital placement

Minerals explorer Red 5 is seeking to raise $50 million in a placement through Petra Capital.

Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Updated Sep 4, 2013 – 2.20pm, first published at 12.39pm

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Minerals explorer Red 5 is seeking to raise $50 million in a placement through Petra Capital.

Red 5 shares have been suspended since April as the company seeks to get funding in place to retire debt and re-stablish gold mining activities.

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