Subiaco-based Richfield Group Ltd plans to raise $2 million through a non-renounceable entitlements issue, with funds to go towards working capital and exploration expenditure.
Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.
Sydney-based computer parts importer Richfield Group Ltd has agreed to purchase 75 per cent of the total issued capital in Victory West Pty Ltd for a total consideration of about $10 million.
