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RENEWABLES

ReNu share offer to finance expanded portfolio

RENU Energy is offering a A$5.1 million shareholder entitlement as it attempts to raise capital for plans to rapidly expand its renewable energy portfolio.

James Bowen
ReNu's Amaroo solar project

ReNu's Amaroo solar project

The offer entitles eligible shareholders to acquire one new share for every two existing shares held in the company at 1.2 cents each, which is a discount of approximately 14% to the closing ReNu share...

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