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AJ Lucas Group Ltd Announces Placement


Tuesday, 12 Feb 2013 07:55pm EST 

AJ Lucas Group Ltd announced that it has engaged Gleneagle Securities (Aust) Limited to place up to 10,650,000 ordinary fully paid shares at AUD 1.55 per share to raise up to AUD 16.5 million before costs. The shares, once issued, will rank equally with existing ordinary shares and will be equivalent to 8.0% of the Company’s current issued share capital. The placement is expected to settle on February 15, 2013. The funds raised will be used for working capital and to meet capital calls in relation to the Company’s investments in Cuadrilla Resources Limited (Cuadrilla) and directly in the Bowland Basin. 

Company Quote

0.7
-0.01 -1.41%
19 Sep 2014