Shares in Subiaco-based AIC Mines closed 9 per cent down to 53.5 cents per share on Friday, following news that the company plans to raise $57.2 million in order to advance its Queensland-based Jericho copper mine.
Our daily board moves wrap includes Zhao Tong, Josef El-Raghy, Aaron Colleran, Brett Montgomery, Peter Evans, Richard Baumfield, Ronald Beevor, Albert YuZi Zhou, and Phil McKeiver.
Intrepid Mines and AIC Resources have agreed to a revised merger deal, less than three weeks after Intrepid's initial attempt to acquire the Subico-based gold junior lapsed.
