Syrah raises initial A$75m

September 21, 2017

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Graphite developer Syrah Resources has successfully raised A$74-million of a targeted A$110-million through a share placement and the institutional component of a pro-rata accelerated nonrenounceable entitlement offer.

“We are delighted with, and grateful for, the strong level of support shown by our existing institutional shareholders,” Syrah MD and CEO Shaun Verner said on Thursday.

Category: General