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Syrah Resources Completes A$110m Equity Raising

10 Oct 2017  |  10:26:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Syrah Successfully Completes A$110 million Equity Raising

Syrah Resources announced the completion of its 1 for 10.5 non-renounceable entitlement offer (Entitlement Offer), which concludes the capital raising announced by the Company on 19 September 2017. The retail component of the Entitlement Offer (Retail Entitlement Offer) closed on 5 October 2017, representing the final stage of the Company's A$110m equity raising. The Retail Entitlement Offer raised A$36m and was supported by the Company's eligible retail shareholders. It received valid applications from eligible retail shareholders for 8.5m new shares, including valid applications from eligible retail shareholders for additional new shares in excess of their entitlement up to a maximum of 50% of their entitlement, representing a take up rate of 79%.

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