St Barbara punished after $64m raising

SHARES in Melbourne-based explorer St Barbara have plunged more than 33% in morning trade after the company announced it has raised $A63.4 million from the institutional component of its pro-rata share placement.

St Barbara punished after $64m raising St Barbara punished after $64m raising St Barbara punished after $64m raising St Barbara punished after $64m raising St Barbara punished after $64m raising

The offer was announced last week and St Barbara was in a trading halt from Tuesday until Friday while the bookbuild was completed.

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