Red 5 seeking $125M

RED 5 called a trading halt this morning as it launched a A$125 million capital raising.

Red 5 seeking $125M Red 5 seeking $125M Red 5 seeking $125M Red 5 seeking $125M Red 5 seeking $125M

Drilling at King of the Hills

Petra Capital is acting as lead manager and bookrunner to a two-tranche placement priced at 18c per share, a 23.4% discount to yesterday's close.

The offer closes tomorrow afternoon.