Andrew Forrest has emerged as a surprise backer of Energy and Minerals Australia, taking a major stake in the Perth-based uranium explorer through a much-needed $12 million investment. EMA has also struck a debt-for-equity swap with its noteholders.
Energy and Minerals Australia has extended its trade suspension period to almost a month after signalling it has been unable to complete a proposed capital raising.
Peel Mining aims to raise $5.1 million through a share placement priced at 49 cents per share to new and existing institutional investors.
Cooper Energy NL - 31-Oct-03
Acorn Capital Ltd increased its relevant interest from 7,316,000 ordinary shares (8.61%) to 8,583,759 ordinary shares ( 10.08%)
Cooper Energy NL - 03-Oct-03
Acorn Capital Ltd became a substantial shareholder with a relevant interest of 7,316,000 ordinary shares (8.61%).
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