SBM 2.24% 34.3¢ st barbara limited

News: SBM Peel Mining says St Barbara takes 9.5% stake in co

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    April 4 (Reuters) - Peel Mining Ltd (PEX) :

    • St Barbara subscribed for $3.28 million of Peel shares at 20.5 cents a share for 9.5% stake
    • Asx alert-St Barbara takes 9.5% stake in Peel,SBM-PEX.AX
    • Funding will allow acceleration of Peel's upcoming cobar work programmes
    • Placement comprises issue of 16 million ordinary fully paid shares in Peel at a subscription price of 20.5 cents per share
    • Net cash position to increase to more than $5.3 million
    • Placement represents a premium to Peel's last traded share price, and recent volume-weighted average share price
 
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Last
34.3¢
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Mkt cap ! $233.2M
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33.5¢ 34.5¢ 33.5¢ $388.3K 1.141M

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