Australia: Oventus to raise A$9.3m in share placement

Mel Bridges, chairman, Oventus

Sleep disorder device manufacturer Oventus plans to raise A$9.3m (US$6.5m) in a series of placements on the ASX. It said that it has firm commitments from institutional and sophisticated investors for a two tranche placement to raise A$7m. It said that the placement was heavily over-subscribed with strong support from existing and new professional and…

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