PMEA Blog

By Simon Hartley on Thu, 23 Jul 2009

Oceana Gold has raised $A24.2 million ($NZ30 million) in a funding boost designed to expand its exploration programme which could ultimately add three years to the mine life of its Macraes and Reefton operations.

Oceana shares, which were placed on a trading halt on Tuesday at $1.45, resumed trading yesterday and slid 5% to about $1.38 on low volumes.

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