Valmec’s successful equity raising

Valmec Managing Director Steve Dropulich.

Valmec Managing Director Steve Dropulich.

Valmec has received commitments to raise $5.1 million through a placement of 20 million shares.

With the shares priced $0.25 per share, the placement was significantly oversubscribed and will introduce a number of leading Australian institutional investors to Valmec’s share register.

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