HAZER GROUP’s share price is down over 14% today after a $2.5 million placement to sophisticated and institutional investors at an issue price of 38.5 cents per share, a 19% discount on the previously traded price of 47.5c and an 18% discount to the five-day volume weighted average.
Hazer offered 6.5 million shares. The company said it would also offer shareholders the chance to participate in a share purchase plan for ordinary shares. The money will go to develop its...
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