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Paladin Energy shareholders have been urged to reject a controversial share placement that has drastically diluted the value of shares in the uranium miner over the past 11 weeks. Despite the $88 million placement taking place in early August,
The company says it will raise a further $US7 million ($A7.69m) through a share placement to certain directors and another $US10 million ($A10.99m) through a share purchase plan. The proceeds will be used to pre-pay amounts due in 2011 under Mirabela'
Motor Corp, China's top automaker, said on Thursday it will raise up to 10 billion yuan ($1.5 billion) through a share placement largely to shore up its own-brand cars and commercial vehicles to help secure its leading position in the world's largest
Denis Mackenzie's mob to meet far from the madding owners. AS THE sharemarket jumped almost 1 per cent yesterday and business groups went into overdrive against key parts of the Productivity Commission's report on executive pay, the boss of one of
The All Ordinaries index lost 41 points to finish at 4,802, while the ASX 200 dropped 0.9 per cent to 4,793. The share market was also dragged down by Oil Search's announcement of an $895 million institutional share placement. The capital raising is
Broadcaster Ten Network Holdings Ltd says a $138 million share placement was significantly oversubscribed. Ten said that it had successfully completed an institutional placement of 120 million shares at an issue price of $1.15 per share. "The
Excalibur Mining Corporation Ltd says it has raised $10 million through a private share placement to help complete the drilling program at its Tennant Creek project in the Northern Territory with a view to begin mining next year.
Australia Bank shares fell more than 5 per cent after profit takers moved in following a successful $2 billion equity raising, as concerns lingered over the bank's escalating bad debts and funding activity. NAB yesterday completed a placement of new
The share sale will be priced at a minimum of $21.20 compared to the bank's last traded price at $23.58. The bank says the funds raised will increase NAB's tier one capital ratio from 8.2 to 8.8 per cent, and the $2 billion institutional part of the
The main part of the raising, an underwritten $2.5 billion institutional placement, was three times oversubscribed at $14.40 a share -- a discount of only 7.5 per cent to the stock's last trade at $15.57 and a further pointer towards stability in the