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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 28/02/17

1 year TSR5 year TSR
thHotCopper Holdings0%0%
132ndBotanix Pharmaceuticals150%6%
137thHazer Group149%0%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/12/16
$0 Issued
28/10/16
$55k Bought
27/10/16
$341 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

161st-Hazer Group$24k
175th-Botanix Pharmaceuticals$0
176th-CFOAM$0
179th-Family Zone Cyber Safety$0
180th-HotCopper Holdings$0
222 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Hazer Group

719thGeoff Pocock$223k
1509thRick Hopkins$53k
1662ndDanielle Lee$38k
Ranked by total remuneration from all listed WA companies

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