OROCOBRE LIMITED - Orecobre completes A$21M institutional Placement and A$5M SPP

Orecobre completes A$21M institutional Placement and A$5M SPP

Wed, 7 Nov 2012 12:20pm

Orocobre Limited is pleased toannounce that the Company has completed a placement of 12.35 million ordinary shares to institutional investors in Australia, Hong Kong, the United Kingdom and the United States at an issue price of A$1.70 per share, raising A$21 million prior to expenses. The share placement was approximately 50% oversubscribed. The issue price represents an 8.0% discount to the ASX closing price prior to the Company entering into a trading halt on 1 November. MORE

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