Turaco Gold is trading at A$0.69, down 9.80%, after the November 2 release of its Share Purchase Plan offer letter; reporting linked the decline to the equity raising.
- The plan offers shares at A$0.60, matching the A$120 million placement and below the recent market price, and seeks to raise up to A$10 million.
- The fundraising supports the proposed acquisition of the remaining Afema project interest and related development work.