Finance & Investing | LNG / CNG | Capital Markets
Liquified Natural Gas Ltd. Raises Capital for Lake Charles LNG
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Liquefied Natural Gas Limited has advised that it has raised A$49.5 million with a placement of 90 million ordinary shares at A$0.55 to US and Australian Institutional shareholders (Placement).
The Placement will be made in two tranches with 31,207,254 shares placed under the Company's placement capacity in accordance with ASX Listing Rules 7.1 and 7.1A, and the placement of 58,792,746 shares subject to shareholder approval.
The Placement received very strong demand from existing Australian institutional shareholders and a group of US institutional investors, with the Company welcoming Fairview Capital Asset Management, LLC as a new substantial shareholder and Claren Road Asset Management, LLC as a significant new shareholder.
Foster Stockbroking Pty Ltd acted as Sole Lead Manager and was…
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