OMH Seeking Funds through Share Placement

Mining Weekly reported that OM Holdings (ASX:OMH) is hoping to raise A$26.25-million through a share placement to fund the Sarawak ferroalloy project.

As quoted in the market news:

OMH said on Monday that it would issue some 75-million shares, at a price of 35c a share. This represented an 8.8% discount to the 15-day volume-weighted average price, and a 5.2% discount to the 30-day volume-weighted average price of OMH shares.

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