Capital raisings were few and far between on Monday as sharemarkets across the region suffered falls. Local equity raisings were restricted to junior resources companies including Zambezi Resources and Navarre Minerals.
■ Zambezi Resources announced a $5 million rights issue and raised another $10 million via a convertible note. The rights issue was a one-for-five non-renounceable offer, with new shares to be sold for 2¢ each. Zambezi said it would seek underwriters for the issue. Acceptances were expected to close on September 2.
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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
