Develop's capital raise firmly supported
ASX-listed Develop has received firm commitments to raise an initial A$37.2-million in a placement and institutional entitlement offer, as part of a larger A$50-million capital raise to fund the A$100-million acquisition of the Woodlawn copper project, in New South Wales.
Develop will raise an initial A$25-million through the placement of some 7.6-million shares, while the institutional entitlement offer will comprise some 3.7-million shares, to raise a further A$12.2-million.
Develop will raise an initial A$25-million through the placement of some 7.6-million shares, while the institutional entitlement offer will comprise some 3.7-million shares, to raise a further A$12.2-million.