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Hammer taps capital markets

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CAPITAL RAISE
Junior Hammer Metals will raise A$5-million in a share placement to existing, as well as sophisticated and institutional investors. The company on Friday announced that it had received firm commitments for the placement of more than 52.6-million shares, at a price of 9.5c each, representing a 13.6% discount to Hammer’s last closing price.
 
 
 
 
 

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