Lithium explorer Orocobre is seeking to raise $37 million via a single tranche placement at $2.10 a share.
The offer price is pegged at a 7 per cent discount to the last close and a 12 per cent discount to the 5-day volume weighted average price.
Canaccord Genuity is sole lead manager on the deal.
Placement proceeds will be used for working capital and fast-tracking production at Orocobre’s boric acid plant.
The books close at 3pm on Wednesday.
- Forums
- ASX - By Stock
- AKE
- cap raise details in afr
cap raise details in afr
Featured News
Add AKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online