logo-loader

Fastjet raises £1.25mln

Published: 02:18 07 Oct 2013 EDT

no_picture_pai

Low-cost airline fastjet's (LON:FJET) rapid expansion has prompted the draw-down of a slug of money from its equity financing facility.

The company has received £1.25mln from Darwin Strategic, a subsidiary of Henderson Global Investors Volantis Capital, in return for 20.8mln fastjet shares priced at 6p each.

The transaction raises the number of fastjet shares in issue to 404.7mln.

The company released an interim results statement at the end of September that revealed its Tanzanian operations are now turning a profit.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

5 hours, 4 minutes ago