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Alliance Mineral shareholder Burwill pares stake in planned investment deal

Published Thu, Jul 5, 2018 · 09:50 PM
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Singapore

ALLIANCE Mineral Assets' substantial shareholder Burwill Commodity has cut a planned investment into the Lithium miner, taking only 13 million new shares of a proposed 23.9 million share placement at S$0.33 per share.

The company carried out a placement exercise to sell the remaining 10.9 million shares at S$0.34 apiece, but placement agent and underwriter Canaccord Genuity had to mop up 7.6 million unsubscribed shares after pla…

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