CAPITAL MARKETS

OM raises cash for Sarawak

MANGANESE developer OM Holdings will place 75 million shares to a major Singapore-based investor and others, raising nearly $A26.25 million to help ensure the Sarawak ferro-alloy project in Malaysia closes on budget and on schedule by April 2012.

MiningNews.Net
OM raises cash for Sarawak

The placement priced the shares at 35c, representing an 8.8% discount to the 15-day volume weighted average price and a 5.2% discount to the 30-day VWAP of the company’s listed shares. The placement...

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