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Australis to raise $2.1m in placement

US - Perth-based barramundi producer Australis Aquaculture Ltd aims to raise $2.1 million through a placement to raise funds for a fish processing line and other upgrades at the company's United States operations.

The full text of a company announcement is pasted below The Directors of Australis announce the placement of 5 million shares at 42.5 cents raising $2.125 million less costs, to institutional and private stockbroker clients.

The placement was managed by State One Stockbroking Limited.

Source: WaBusiness News