Junior miner Orinoco Gold has tapped investors for a near-$5 million capital raising and a $3 million investment by AngloGold Ashanti, as it progresses development of its Cascavel operation in Brazil. Perth-based Orinoco will launch a one-for-two entitlement issue at 2 cents per share to raise $4.9 million, which will be fully underwritten by Somers & Partners and sub-underwritten by AngloGold for $1 million, which will boost the global miner’s stake in the company to 18.1 per cent.
