Clean Global Energy, Gippsland and Advanced Magnesium were among the companies to feature in another quiet day of equity raisings on Tuesday. Gippsland completed its three-for-10 rights issue to raise $5.1 million.
Clean Global Energy, Gippsland and Advanced Magnesium were among the companies to feature in another quiet day of equity raisings on Tuesday.
■ Clean Global Energy announced a one-for-one non-renounceable entitlement offer to raised $452,144. The offer was underwritten by Patersons Securities. Options to acquire fully paid Clean Global Energy shares would be issued at 0.02¢ each, with a 7¢ exercise price. Patersons was paid a 7 per cent fee for underwriting the offer.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
