Swiber Hldgs: Lift of trading halt. To issue 101.7m placement shares at $0.635. This will be approx 16.6% of enlarged share capital of co and will be handled on a best efforts basis by Religare Capital Mkts. This is a disc of 9.74% to VWAP of $0.7035 on 13 Mar.
Co will raise net proceeds of $62.5m for general working capital.
Based on last done price of $0.705 before the halt and placement details, post-placement weighted avg price appears to be $0.693.
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