why another share issue., page-5

st barbara places 99m shares to institutions at 60 (AESBM) St Barbara places 99m shares to institutions at 60c
RWE News
11:03:020 18/05/2006
Sydney - Thursday - May 18: (RWE Australian Business News) - St
Barbara Ltd (ASX code: SBM) has placed 99 million shares (representing
a 15 per cent placement as calculated under ASX Listing Rule 7.1) at 60c
each to raise $59.4 million.
The shares have been placed to international and Australian
institutions, and professional investors.
The placement was managed by Southern Cross Equities for a fee
of 4 per cent, and will provide funds for potential project developments
and corporate activities.
Following the placement, issued capital of St Barbara is 821.51
million ordinary shares and 33.32 million unlisted options.
Shares in St Barbara fell 7c to 61c this morning.
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