Deal Type: Equity Offerings
Deal Sub Type: Private Placement
Deal Status: Completed
Deal Value: 11.2403 Million USD
Deal in Brief
Stanmore Coal Limited, an Australia-based coal exploration and development company, has raised AUD15 million (USD11.24 million) in private placement of shares.
The offer price of AUD0.55 (USD0.41) per share represents a discount of approximately 12% to the last closing price of Stanmore shares on the ASX on December 12, 2016 of AUD0.625 (USD0.465); and a 15% to the five day volume weighted average price.
Dan Clifford is the managing director and Andrew Roach is the Chief Financial Officer of Stanmore Coal.
Petra Capital Pty., Ltd. acted as book-runner, while Morgans Financial Limited acted as broker to the offer.
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