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Hazer Group managing director Geoff Pocock.

MinRes increases Hazer stake

Graphite-focused tech company Hazer Group has announced plans to form a joint venture with diversified business Mineral Resources, after MinRes boosted its stake in Hazer by subscribing for $5 million worth of shares.

Perth-based Hazer has completed a $5 million placement to MinRes, through the issue of 8.3 million shares at 60 cents each.

The placement, priced at a 4.7 per cent discount to Hazer’s five-day volume-weighted average price, will increase MinRes’s shareholding in the company to 14 per cent.

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Hazer Group (HZR)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
thSkin Elements0%0%
5thAusCann Holdings6483%188%
428thHazer Group4%0%
479thWavenet International0%-47%
570thStructural Monitoring Systems-17%101%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

04/12/17
$0 Issued
04/12/17
$0 Issued
04/12/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

166th↓Structural Monitoring Systems$312k
167th-Skin Elements$311k
168th↑Hazer Group$281k
169th-AusCann Holdings$260k
170th↓Wavenet International$239k
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Hazer Group

633rdGeoff Pocock$223k
1448thDanielle Lee$38k
1678thAndrew Harris$2k
Ranked by total remuneration from all listed WA companies

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