Hazer raises more funds for R&D

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 raises more funds for R&D Hazer raises more funds for R&D Hazer raises more funds for R&D Hazer raises more funds for R&D Hazer raises more funds for R&D
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.