Methane pyrolysis firm Hazer raises AUD $8m and launches share purchase plan
Australian methane pyrolysis firm Hazer Group has raised AUD $8m ($5.2m) and launched a share purchase plan to raise an additional AUD $2m ($1.3m) as it looks to commercialise its hydrogen and graphite production technology.
Existing and new investors contributed to the AUD $8m raise by placing fully paid ordinary shares at AUD $0.31 ($0.20) per share.
Under the new share purchase plan, shareholders will be able to purchase new shares on the same terms as the placement without incurring any brokerage, transaction, or commission costs.
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