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AccessMyLibrary    Browse    A    AsiaPulse News    NOV-03    AUSTRALIA'S NOVERA ENERGY COMPLETES US$4.6 MLN SHARE PLACEMENT.

AUSTRALIA'S NOVERA ENERGY COMPLETES US$4.6 MLN SHARE PLACEMENT.

Publication: AsiaPulse News

Publication Date: 18-NOV-03
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COPYRIGHT 2003 Asia Pulse Pty Ltd

SYDNEY, Nov 18 Asia Pulse - Renewable energy generator Novera Energy (ASX:NVE) today announced it completed a fully underwritten placement of 26 million new shares at 25 cents each to raise A$6.5 million (US$4.6 million).

Major shareholder Utilico Investment Trust underwrote the entire A$6.5 million placement, subscribing for eight...

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