ASX-listed Ora Banda Mining has completed the bookbuild for its share placement and institutional entitlement offer, to raise A$51.7-million, with a fully underwritten retail entitlement offer set to raise a further A$3.3-million, and to open on July 10.
The company has received firm commitments for around A$40-million of its placement to institutional investors, and approximately A$11.7-million for the institutional component of its one-for-nine accelerated non-renounceable pro-rata entitlement offer.