SYR 2.27% 21.5¢ syrah resources limited

News: SYR Syrah Resources Announces Fully Underwritten A$94 Mln Institutional Placement

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    Sept 4 (Reuters) - Syrah Resources Ltd (SYR) :

    • ANNOUNCES FULLY UNDERWRITTEN A$94 MILLION INSTITUTIONAL PLACEMENT TO COMPLETE RAMP- UP OF BALAMA GRAPHITE OPERATION
    • CO TO ALSO OFFER ELIGIBLE SHAREHOLDERS IN AUSTRALIA AND NEW ZEALAND A SHARE PURCHASE PLAN
    • SPP PRICE WILL BE A$2.23 PER SHARE & AIM TO RAISE ABOUT A$14 MILLION
    • AS PER PLACEMENT, INSTITUTIONAL INVESTORS CAN SUBSCRIBE FOR 42.2 MILLION NEW SHARES AT A$2.23 PER SHARE
 
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