Finder Energy Raises $5.2m Through Completion of Tranche 2 Placement
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Finder Energy Holdings Limited has successfully completed Tranche 2 of its equity placement, raising approximately $5.2 million by issuing 14,067,568 shares at $0.37 each. The shares were allocated to company directors and substantial shareholder Longreach Capital Investment Pty Ltd, following shareholder approval. This move strengthens Finder's capital position and aligns key stakeholders. The current analyst rating for Finder Energy (AU:FDR) is a Hold, with a price target of A$0.35.
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