News

GFNZ to raise $1.5m from underwritten rights issue

Tuesday 24th of July 2012

Depending on the extent of shareholder participation, the underwriting could take FedPac's stake as high as 43.2% by September 2015.

GFNZ managing director David O'Connell says the rights issue is another step on the way to make it sufficiently attractive to investors in the future.

"We need to be credible with the market to attract new funding," O'Connell says.

The FedPac...

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