AUSTRALIA

Carbon bags $20M for UCG projects

CARBON Energy's underground coal gasification plans have been given a boost after the company raised $20 million through an oversubscribed placement.

Marija Stojkovic

Carbon bags $20M for UCG projects

The company said it placed about 61 million ordinary shares at 33c per share to institutional and sophisticated investors to raise the funds. Major shareholder Pacific Road Resources agreed to take...

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