Atlas Iron will be hoping for a final flood of interest in its crucial $180 million equity raising, as lead manager Hartleys turns to fund managers to try and make up the shortfall that still stands at $105 million.
…As of Wednesday, the offer had received about $30 million from shareholders and general public applications on top of the $44 million of shares taken up by some of the company’s contractors, according to a term sheet sent to investors on Wednesday by lead manager Hartleys.
The retail investors’ component of the offer closes on Thursday evening…Institutional investors will be offered the shortfall of the offer until Friday evening.
So the deadline extension has so far yielded an extra $4 million, pretty disappointing stuff. Will instos really back the resuicide?
