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Enterprise shows its mettle with $12.4m placement

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Enterprise Metals topped capital raisings on Tuesday with an announced $12.4 million placement to Hong Kong investor SinoTech.

■ Facilitate Digital Holdings announced a one-for-14 non-renounceable rights issue to raise up to $700,000. Elsewhere, it appointed M H Carnegie & Co as an adviser to sift through takeover and merger offers.

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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

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    Original URL: https://www.afr.com/companies/enterprise-shows-its-mettle-with-12-4m-placement-20110524-ieo8r