West African explorer Turaco Gold , capitalised at $740 million on the ASX, sent out its broker brigade to line up $105 million to lift its stake in a gold project in Ivory Coast.
Fund managers were offered Turaco shares at 60¢ apiece, representing a 12.4 per cent discount on the last close. Bids were due by 5pm on Tuesday for Asia-Pacific investors and 6am on Wednesday for offshore funds.
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