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.

Carbon bags $20M for UCG projects
Carbon bags $20M for UCG projects
Carbon bags $20M for UCG projects
Carbon bags $20M for UCG projects
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.

loader