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| Home : Orocobre Announces Completion of A$21 Million Institutional Placement and a A$5 Million Shareholder Purchase Plan |
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Nov 05
2012 |
Orocobre Announces Completion of A$21 Million Institutional Placement and a A$5 Million Shareholder Purchase Plan |
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MILTON, QUEENSLAND--(Marketwire - Nov. 4, 2012) - Orocobre Limited (TSX:ORL)(ASX:ORE) ("the Company") is pleased to announce that the Company has completed a placement of 12.35 million ordinary shares to institutional investors in Australia, Hong Kong, the United Kingdom and the United States at an issue price of A$1.70 per share, raising A$21 million prior to expenses. The share placement was approximately 50% oversubscribed. The issue price represents an 8.0% discount to the ASX closing price prior to the Company entering into a trading halt on 1 November. |
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| Source:http://www.marketwire.com/mw/release.do?id=1721244&sourceType=3 |
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