West Australian explorer Galena Mining was asking investors for $15 million on Monday morning for work at its lead, silver project Abra.
MedAdvisor founder Josh Swinnerton.The placement was priced at 12.5¢ a share, a 7.4 per cent discount to the last close split into two tranches, of which $8.9 million was under its existing placement capacity.
Euroz Hartley and Petra Capital were the joint lead managers and called for bids by 4pm Monday. Galena had $64.3 million market capitalisation, $48.2 million cash and US$85 million debt drawn from a US$110 million facility.Elsewhere, virtual pharmacist business MedAdvisor was raising $14.6 million to fund US growth and on integration of trade player GuildLink, which it is buying in a $9.14 million scrip deal from Guild Group.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mining sector desperate for workers as industry struggles to win over Gen ZAustralia's mining sector is facing its 'worst skills crisis in generations', and leaders say the key challenge is convincing environmentally conscious young people to join its ranks.
Read more »
WA's new top cop sends warning to drug traffickers, aims to solve state's biggest cold casesWestern Australia's new Police Commissioner gives his first interview as the state's top cop, vowing to aggressively target drug traffickers and their criminal networks.
Read more »
Key ingredient of cattle feed supplements set to be mined locallyThe cattle industry's multi-million-dollar reliance on imported phosphorus could be about to change, with a Queensland company planning to begin mining the essential mineral.
Read more »
Mining sector desperate for workers as industry struggles to win over Gen ZAustralia's mining sector is facing its 'worst skills crisis in generations', and leaders say the key challenge is convincing environmentally conscious young people to join its ranks.
Read more »
Give councils cash to help bring down housing prices: think tankPoorer, younger Australians have suffered one of the biggest falls in housing affordability. A leading economist says councils should get cash to lift builds.
Read more »
This man made $52b this year, now he is richer than Bill GatesIt’s not just coal that lifted Gautum Adani’s wealth by $52 billion this year, he is adding green energy, airports, data centres, digital services and media.
Read more »