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Penrice extends capital raising to existing shareholders

Adelaide, Australia-based soda ash maker Penrice Soda Holdings on 13 November 2008 extended its capital raising to existing shareholders in a bid to raise a further AUD 2 million.
It announced an AUD…

Adelaide, Australia-based soda ash maker Penrice Soda Holdings on 13 November 2008 extended its capital raising to existing shareholders in a bid to raise a further AUD 2 million. It announced an AUD 8.5 million institutional buy after its AGM, but has invited those with holdings from AUD 1000-5000 to buy at AUD 1.15 a share, an 8% discount on trades for five days before the announcement.

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