ERA raises $380M, shares dive

SHARES in Energy Resources of Australia have been hammered this morning after the embattled uranium play boosted its coffers to the tune of $A380 million through the institutional component of its previously announced entitlement offer.

ERA raises $380M, shares dive ERA raises $380M, shares dive ERA raises $380M, shares dive ERA raises $380M, shares dive ERA raises $380M, shares dive

ERA issued around 249 million shares under the 12-for-7 underwritten accelerated renounceable entitlement offer at $1.53 per share, a 29.8% discount to the theoretical ex-rights price.

loader