By Sheri Kasprzak
Atlanta, March 4 - Prime Infrastructure Group said it has closed a private placement for A$90 million.
The company sold 64,285,714 staple securities at A$1.40 each to institutional investors.
The staple securities are comprised of one share of Prime Infrastructure Management Ltd. and one unit of Prime Infrastructure Trust.
The securities were priced at a 2.8% discount to the volume weighted average price 10 days before the deal was priced.
Based in Brisbane, Australia, Prime Infrastructure is an infrastructure investment company.
| Issuer: | Prime Infrastructure Group
|
| Issue: | Staple securities (one share of Prime Infrastructure Management Ltd. and one unit of Prime Infrastructure Trust)
|
| Amount: | A$90 million
|
| Stapled securities: | 64,285,714
|
| Price: | A$1.40
|
| Warrants: | No
|
| Settlement date: | March 4
|
| Stock price: | A$1.12 at close March 4
|
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