Bandanna Energy was the highlight in capital raisings on Wednesday with the announcement of a $133 million five-for-16 entitlement offer.
■ Bandanna Energy was placed in a trading halt ahead of a potential capital raising. The company announced an accelerated non-renounceable entitlement offer to raise up to $133 million. Shares were being sold for $1 each, on the basis of five new shares for every 16 already held. UBS underwrote the offer up to $100 million.
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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
