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