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Ausdrill raises first A$175m

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CAPITAL RAISE
Mining services provider Ausdrill has raised some A$175-million from the institutional component of its 1-for-2.13 pro-rata non-renounceable entitlement offer. The completion of the institutional offer is the first stage of the company’s fully underwritten entitlement offer, which is expected to raise some A$250-million. The offer is priced at A$1.47 a share.
 
 
 
 
 

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