HDR hardman resources limited

egoli on hdr

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    12. Shares in developing oil and gas company Hardman Resources Limited (HDR) leapt more than 13% today after it raised $79.2 million to maintain a firm grip on its promising Mauritanian projects. Hardman's stock raced 16c or 13.11% to close at $1.38 after being released from a trading halt early today following the company's announcement of a placement of 72 million shares at $1.10 which raised $79.2 million before costs. The Perth company also told the market it would make a non-renounceable shareholders entitlement issue, of one new share for every six shares, to raise up to $88.39 million before expenses. (AAP)
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