ASX-listed American Pacific Borate and Lithium (ABR) will raise A$3.1-million through a share placement to progress its Fort Cady borate project, in Southern California. The company will issue more than 17.22-million shares, at a price of 18c each, to institutional and sophisticated investors, with the placement price representing an 11.3% discount to ABR’s ten-day volume weighted average share price.
