04/12/2008 - 15:23

Weak interest in Carnegie raising

04/12/2008 - 15:23

Bookmark

Save articles for future reference.

Clean power developer Carnegie Corporation's capital raising ambitions have fallen well short of its $17 million target, with the company raising $1.2 million.

Weak interest in Carnegie raising

Clean power developer Carnegie Corporation's capital raising ambitions have fallen well short of its $17 million target, with the company raising $1.2 million.

In a statement, the company said it had raised $600,000 through a share purchase plan and a further $580,000 through a share placement.

Shares for each capital raising activity were priced at 12.5 cents each.

In October, the company planned to raise $17 million through a share purchase plan, with each shareholder able to subscribe for up to $5000 worth of shares.

Funds raised will be applied to the development of its CETO Wave Energy Technology.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options