Mirrabooka Investments (ASX:MIR) is raising up to AU$85 million via a one-for-seven non-renounceable pro-rata entitlement offer, according to a Tuesday filing with the Australian bourse.
The issue price of AU$3.06 is a 5% discount to the closing price of the company's shares. The offer will open on May 14 and conclude on June 2. New shares will begin trading on a deferred settlement basis on June 3.
Proceeds will be used for general investment purposes, per the filing.
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