Publication Name: PESA News
Publication Issue: 119
Date Published: August 2012
Number of Pages: 1
Abstract:
A fully underwritten institutional placement will raise $50 MM and a two-for-13 accelerated entitlement offer for the remaining S 1 OS MM. The offer price is 74c a share, which compares with Senex's last sale price of 88.5c a share. Senex's biggest shareholder, private equity resources fund Sentient Group, has put its hand up for its full entitlement to maintain its 16.6% shareholding.