Finder Energy’s Offer Raises $4 Million

Finder Energy Holdings Limited (AU:FDR) has released an update.

Finder Energy Holdings Limited has successfully closed its 1 for 1.26 pro-rata non-renounceable entitlement offer, raising $4.0 million with a 65% take-up rate by Eligible Shareholders. New Shares will be issued and start trading mid-September, with the option for the Directors to place the remaining shares with institutional investors by early December. The capital raise is part of Finder’s strategy to enhance its portfolio in the UK North Sea and North West Shelf.

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