Pacific Edge has raised $16 million in new equity in a placement of new ordinary shares — $1m more than it sought — after accepting over-subscriptions.
Power restrictions on the Tiwai Point aluminium smelter in Southland are being eased as hydro lakes levels have risen enough to ease fears of stretched power supplies this winter.
The government is shifting its work and safety regulator's priorities from enforcement to advice, saying this will help address concerns about underfunding and a "culture of fear".
Cancer diagnostics company Pacific Edge has announced a $20 million capital raise in tandem with what it describes as a "resilient" full-year financial result.