Forum Topics FBR FBR Raise $12m

Pinned straw:

Added 3 months ago

FBR halted on Thursday for an institutional share placement announced today of $12m. The discount was 20%. Bell Potter scored $720,000 for their pain and suffering.

This leaves FBR with cash balance of $16m explicitly to see them through to the anticipated exercising of joint venture option with CRH Ventures. It brings on board some (presumably US-based) international shareholders.

The shares will be tradable on 9 August.

Strawman
Added 3 months ago

Still trying to secure an interview with these guys @lastever

Honestly, short of putting a bow on the invite, I don't know what their IR team is after..

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lastever
Added 3 months ago

Have you tried being more American? :P Just a guess but perhaps they want to focus all their attention their for a few months, since it is those builders and investors who could, with a few favourable decisions, prove the viability of the company. They could then present themselves back in Australia as a company with a US foothold, rather than just hopes and dreams. US investors are getting the blue sky vision without any of the 'are we there yet' baggage.

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