MARKETS

State Gas issuing 25M new shares

QUEENSLAND-based State Gas has completed an $8 million capital raise via a placement to sophisticated and leading energy investors.

Jonathon Davidson

Australian cash

Australian cash

State will issue 25 million new shares at an issue price of 32cps, which is a 15.8% discount to the last closing price and a 21.6% discount to the 30-day VWAP up to 21 September 2021. Shareholder approval...

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