Hi chimera. Just want to clarify, they raised $35 million in the capital raising (see ASX announcement dated 19 October 2011). As set out in the prospectus on page 2, (see ASX announcement dated 8 July 2011) only $20 million was to be used to retire bank debt with a little over $2 million for refinance costs and capital raising expenses. Leaves $13 million. Cheers.
patersons new report - 10.8c valuation, page-11
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