Mining services provider NRW Holdings on Friday said that it had received firm commitments to raise A$120-million through a share placement.
NRW noted that some 42.1-million shares will be placed at a price of A$2.85 a share, representing a 1.4% premium to the company’s adjusted closing price on November 27, and a 5.2% premium to its adjusted ten-day volume weighted average share price.