Syrah completes entitlement offer

Graphite miner Syrah Resources has completed its fully underwritten one-for-five pro rata accelerated non-renounceable entitlement offer, raising A$55.8-million.

The institutional component of the entitlement offer closed on June 20 and raised some A$25.1-million, with the retail component closing on July 8, and raising a further A$30.7-million.