PointsBet Holdings has announced a $303m equity raising through Bell Potter and MST Financial Moelis out of the US is also involved.
The raise includes a fully underwritten 1 for 6.5 accelerated pro rata renounceable entitlement offer to secure $153.2m at $6.50 per share.
Eligible shareholders will also receive one new option for every 2 shares issued under the Entitlement Offer, exercisable at $13.00 and expiring on 30 September 2022.
The group is also launching an institutional placement to raise about $150m and the placement price, and the total proceeds will be determined after completion of a bookbuild process.
The proceeds will be used for marketing and business development.
Coal price not right as Kestrel mine owners seek $4.8bn pay dirt
The owners of the Kestrel coal mine will have to convince buyers to pay about $4.8bn for the mine, but the coal price has fallen about 20 per cent since it was first set to hit the market.
St John of God in discussions over Healthscope leases
The not-for-profit St John of God Health Care has discussed with Healthco Healthcare and Wellness REIT taking over some real estate leases from tenant Healthscope.