Vysarn Secures Over AU$65 Million Through Placement; Shares Hit 15-Year High

MT Newswires Live

07/29

Vysarn (ASX:VYS) secured firm commitments for its fully underwritten placement, raising AU$65.3 million through the issue of 62.2 million new fully paid ordinary shares at AU$1.05 each, according to a Wednesday Australian bourse filing.

The placement received strong backing from existing institutional and professional investors, with shares scheduled to settle on Aug. 5 and begin trading on the Australian Securities Exchange on Aug. 6, the filing added.

The company's shares jumped 6% in recent Wednesday trade and earlier hit their highest since June 2011.

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