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Nanosonics to Raise $12 Million


5/3/2012 8:39:03 AM

NANOSONICS, a healthcare specialist that develops products used to control infections, is seeking to raise $12 million at $0.53 a share, a person familiar with the matter told Deal Journal Australia. The raising is pitched at a 6 per cent premium to the last price of $0.50/share before Nanosonics asked for trading of its shares on the Australian Securities Exchange to be halted pending a “material fundraising”. Shaw Stockbroking is the lead manager on the equity issue, the person said. ?

Read at The Australian


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