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ARTICLE | Financial News

Avexa raises A$17 million

May 1, 2009 12:50 AM UTC

Avexa Ltd. (ASX:AVX) raised A$17 million (US$12.2 million) in a rights issue of 242.9 million shares at A$0.07. The price is a 22% discount to Avexa's close of A$0.09 on April 3, the record date for the offering. Shareholders were offered one new share for every two held. ...