Manganese Investing News » OMH Seeking Funds through Share Placement

OMH Seeking Funds through Share Placement

January 23, 2012 @ 6:01 pm In Manganese Market News

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. ^[1]

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[1] Click here to read the full Mining Weekly report.: http://www.miningweekly.com/article/omh-looks-to-investors-to-raise-a2625m-2012-01-23