AUSTRALIA

Karoon to rattle tin

KAROON Gas is planning to raise capital through an institutional placement and share purchase plan to bolster its cash position for continued exploration and appraisal work in Australia and South America.

Karoon to rattle tin

The company, which went into a trading halt yesterday pending the raising, did not disclose how much it expected to raise through the placement, but the amount could be around $120 million according to...

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