Nice pick-up by Azure. Looks like Brian is still busy over there. Lets hope he can do some dealing like this for us at LNR.
Azure Minerals Limited (ASX:AZS) (“Azure” or the “Company”) is pleased to announce that it has received firm commitments to raise $120 million through a two-tranche placement for the issue of 50 million new fully-paid ordinary shares (“New Shares”) at an offer price of $2.40 per New Share (“Placement”). Tranche 1 of the Placement raised approximately $100 million and Tranche 2 of the Placement, which includes the issue of New Shares subject to shareholder approval, is set to raise approximately $20 million.
GD
LNR Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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