HDR hardman resources limited

Placement confirmed

  1. 325 Posts.
    0951 [Dow Jones] Hardman Resources (HDR) shares halted pending completion of
    equity-raising from both European and Australian investors. Total number of
    shares to be placed not yet finalized, but no more than 57 million, with
    Woodside (WPL) agreeing to subscribe for 10 million of total shares issued.
    Placement price set at 70 cents/share, a slight discount to yesterday's 72 cents
    closing price (placement price 24.5 pence in U.K.). Proceeds of issue will fund
    future exploration and development programs and working capital. Shares likely
    to resume trading Friday, should hold up well given Woodside support. (RAT)
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Currently unlisted public company.

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