DLA Piper powers capital raising

DLA Piper Australia is acting for an ASX and AIM-listed power company on a capital raising.Ceramic Fuel Cells Limited (CFC), a developer of high efficiency and low emission electricity…

Lawyers Weekly • 14 November 2011 • Big Law

DLA Piper Australia is acting for an ASX and AIM-listed power company on a capital raising.

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Ceramic Fuel Cells Limited (CFC), a developer of high efficiency and low emission electricity generation products, is using DLA to advise on its one for four non-renounceable rights issue to raise up to $21,756,245.

DLA corporate partner Mark Burger is leading the team with senior associate Christalyne Look.

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CFC is also concurrently raising capital by issuing new ordinary shares to an investor based in the UK to raise approximately $0.9 million, and placing new ordinary shares to investors to raise approximately $5 million. It is also offering existing shareholders (outside Australia or New Zealand) new ordinary shares to raise up to $3.3 million.

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