Business
ASX to climb: Vocus gets $3.5b bid from MIRA/Aware – The Australian Financial Review
The ASX is set to rise after the Dow hit a record high. Vocus gets $5.50 a share cash bid from MIRA/Aware consortium. Western Areas to raise $100m. Domain cancels…
Western Areas will undertake a $100 million equity raising to fund the development of its Odysseus underground mine, advance its exploration portfolio and advance organic growth projects.
The capital raising will comprise a fully underwritten placement to raise $85 million and a non-underwritten share purchase plan to raise up to $15 million.
The placement has been underwritten at a floor price of $2.15 a share, an 8.1 per cent discount to its last closing price of $2.34.
Approximately $70 million…
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