Herald Sun
05/09/2006, Page: 34
WIND power generator Wind Hydrogen will seek to raise $5.4 million in capital to develop its wind farm portfolio ahead of floating on the Australian Stock Exchange.
The renewable energy company said it would issue 12 million shares at 45 cents a share in a capital raising due to take place this month.
The funds will partly be used for pre-construction work at wind farm projects awaiting approval, as well as to prepare submissions for more advanced projects, and secure rights for projects in the pipeline.
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