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Bank, domestic-focus stocks lift stock market

Article excerpt by Gareth Costa, The Weekend West, March 2nd

 

Perth-based Catalyst Metals soared 18 to $2.05 after announcing Hancock Prospecting‘s wholly owned Gold Exploration Victoria had invested $13 million in Catalyst via a placement at $1.50 a share. The proceeds will be used for working capital to advance projects at the Four Eagles Gold and Tandarra Gold projects north of Bendigo. A pro-rata option offer will be made to all shareholders.