Net proceeds to fund growth projects
Crocodile Gold Mining News
Leighton Contractors has been awarded two new gold mining contracts, one in Western Australia andone in the Northern Territory, totalling $317 million. The first, a $200 million contract awarded by Newcrest Mining Ltd, is for works at Telfer – one of thelargest gold mines in Australia, located 450km ESE of Port Hedland on the edge of Great SandyDesert. Under the 27-month contract, Leighton Contractors will provide mining equipment, operators,maintenance and supervisory personnel, and infrastructure including workshops and offices to theproject.
Crocodile Gold announced today that it closed a Can$85 million bought-deal closing of 81 million units at Can$1.05 per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. The syndicate of underwriters was co-led by GMP Securities L.P. and Cormark Securities Inc.