Ann: Trading Halt, page-62

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Petra Capital launches raising for chemicals developer

Alexium International is seeking to raise $15 million at 35¢ a share via stockbroker Petra Capital.
According to terms sent to potential investors on Thursday morning, the company is looking to place 34.3 million new shares in a single tranche placement to raise $12 million, and raise another $3 million via a share purchase plan.
The offer was priced at a 7.9 per cent discount to the last close and a 5.2 per cent discount to the 30-day volume weighted average price.
Petra Capital was calling for bids by 1pm on Friday.

Funds raised were to prepare the company for production ramp up and expand its production development team, among other uses.