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Paragon Care raises A$25M via entitlement offer

Australia's Paragon Care Ltd. raised about A$25 million through the retail component of its previously announced 1-for-2.8 entitlement offer.

The medical equipment company sold 15,704,966 shares at 72.5 Australian cents each.

The shortfall of 18,778,957 shares will be settled by Bell Potter Securities Ltd. and Shaw & Partners Ltd., who acted as joint underwriters for the entitlement offer.