The placing will include up to 4.9 million new ordinary shares at 423p per share, a discount of 5.16% to Hardy's closing price on 24 May on the London Stock Exchange's AIM market. "We are encouraged by the strong support from our investors. The placing will enable us to continue to move forward with the appraisal of our discoveries and further exploration of our asset portfolio," Hardy chief executive Sastry Karra said.
The
