Pike River, raising NZ$45 mln in share sale, has stock halted
17 Mar 2009
The shares had gained 1.3% to 81 cents prior to being halted and are down 11% this year. Pike will issue ordinary shares and bonus options. The fundraising includes a $41 million renounceable pro rata rights issue to shareholders and a $4 million placement to a major institutional shareholder.
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