OMH Seeking Funds through Share Placement
Mining Weekly reported that OM Holdings (ASX:OMH) is hoping to raise A$26.25-million through a share placement to fund the Sarawak ferroalloy project.
As quoted in the market news:
OMH said on Monday that it would issue some 75-million shares, at a price of 35c a share. This represented an 8.8% discount to the 15-day volume-weighted average price, and a 5.2% discount to the 30-day volume-weighted average price of OMH shares.
Click here to read the full Mining Weekly report.
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Mon, Jan 23, 2012
Post by Jessica Oman, Manganese Researcher