Kagara in halt over capital raising plan
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Friday, 30 January, 2009 - 09:32
Shares in miner Kagara have been placed into a trading halt pending the release of capital raising details.
The halt comes on the back of a series of announcements by resource companies this month that had either successfully raised capital or were planning to raise funds.
Shares in Kagara last traded at 42 cents today.
The miner yesterday released its December quarterly results, revealing that its payables had increased by $31 million largely due to falling commodity prices.
At the end of the period, Kagara's payables stood at $83.1 million, including a provisional pricing liability of $34.5 million relating to earlier shipments to offtake partners.
Companies: