PearlStreet raises $4.8m in placement
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Wednesday, 24 October, 2007 - 15:32
Category:
Perth-based asset management firm PearlStreet Ltd has raised $4.8 million through a placement to partially retire debt, the company has announced.
The full text of a company announcement is pasted below
PearlStreet Limited (ASX Code: PST) is pleased to announce the placement of 6,428,030 fully paid ordinary shares at 75 cents per share to raise $4.82 million (before issue related costs) to institutional and sophisticated investor clients of Euroz Securities Limited pursuant to Section 708 of the Corporations Act 2001.
Funds raised in the Placement will be applied to the partial retirement of debt.
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