Ora Banda Mining Concludes Bookbuild for Capital Raising, Stock Trading in Green

  • Jul 07, 2020 AEST
  • Team Kalkine

Ora Banda Mining Limited (ASX:OBM) has completed the Placement and Institutional Entitlement Offer bookbuild for $51.7 million. Commitments received by the company include

  • around $40 million for its placement to institutional investors and
  • circa $11.7 million for the institutional component of its 1 for 9 accelerated non-renounceable pro-rata entitlement offer

Both, the placement as well as the institutional Entitlement Offer were strongly supported by the shareholders, including existing as well as several new international and domestic investors.

The proceeds from the capital raisin shall be utilised to finance the capital costs and working capital requirements of recommencing production at Davyhurst Project.

 At AEST 11:36 AM, OBM was noted in the green zone at $0.260, up by 1.961%.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK