Street Talk
Real Energy seeks to raise up to $5m
Cooper Basin minnow Real Energy is raising up to $$5 million via the placement of 16 million new shares. BBY Ltd and Foster Stockbroking are joint lead managers on the deal.
Sarah Thompson, Anthony Macdonald and Jake Mitchell
Cooper Basin minnow Real Energy is raising up to $$5 million via the placement of 16 million new shares. BBY Ltd and Foster Stockbroking are joint lead managers on the deal.
The shares are being offered at 31¢ apiece, an 18.4 per cent discount to the last close and a 15 per cent discount to the one-month volume weighted average price.
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