Sandon Capital Investments Secures Commitments for Subscription of 3.5 Million Shares
MT Newswires Live
Apr 23
Sandon Capital Investments (ASX:SNC) has secured binding commitments for the subscription of about 3.5 million ordinary shares as part of an institutional placement to sophisticated investors, according to a Thursday filing with the Australian bourse.
The placement's issue price of AU$0.7625 per share matches the issue price for new shares under a share purchase program the company disclosed on April 9.
The placement shares are expected to be issued alongside the shares under the share purchase plan, per the filing.
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