Investment bank Babcock & Brown has invested an estimated $300 million in Gordon Martin's Coogee Resources Ltd, five months after Coogee scrapped plans for a $380 million public share offer and stockmarket float.

Investment bank Babcock & Brown has invested an estimated $300 million in Gordon Martin's Coogee Resources Ltd, five months after Coogee scrapped plans for a $380 million public share offer and stockmarket float.