Shaw and Partners is proud to announce that its Separately Managed Account (SMA) platform has now surpassed $3 billion in Funds Under Management (FUM). Over the past twelve months ... Read More
Shaw and Partners is pleased to be appointed as a Joint Lead Manager to the proposed capital raising by Elmore Limited (ASX.ELE).
The Company is proposing to raise minimum gross proceeds of A$3.0 million, with the right to take oversubscriptions up to a maximum of a further A$1.3m, by way of a single tranche Placement comprising the issue new fully paid ordinary shares issued at $0.016.
The offer price of A$0.016 per share represents a 11.1% discount to the Company’s last traded price on the ASX on Thursday, 15 December 2022 (A$0.018), a 19.6% discount to the 5-day VWAP (A$0.020) and a 24.8% discount to the 15-day VWAP (A$0.021)
Funds from the Placement will be applied towards the relocation of plant and equipment for copper cobalt processing at Peko project and working capital support until the next shipments of iron ore in the March quarter.
The offer is available to Australian Sophisticated and Professional Investors only.
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