Advise it has reached agreement with a number of institutional and sophisticated investors for a placement of 2,000,000 fully paid ordinary shares at an issue price of 25c per share.
TWO new Western Australian floats have got off to a good start with both Mutiny Gold Ltd and Newera Uranium Ltd announcing that their fund raisings were ahead of schedule.
The latest of a recent clutch of uranium hopefuls, Western Australian-headquartered Newera Uranium Ltd, has closed its $3 million IPO oversubscribed and ahead of schedule in preparation for its debut on the Australian Stock Exchange.
NEWERA Uranium Ltd has lodged a prospectus with the ASIC to raise $3 million in its initial public offer to fund the exploration and evaluation of its uranium deposits.
Newera Uranium Ltd has lodged a prospectus with the ASIC to raise $3 million in its initial public offer to fund the exploration and evaluation of its uranium deposits.
18 May 2006
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