Metgasco cashed up and ready to run

METGASCO has raised $7.6 million through a sale and placement of shares to its shareholders for its coal seam methane reserve development and pilot testing programs in New South Wales.
Metgasco cashed up and ready to run Metgasco cashed up and ready to run Metgasco cashed up and ready to run Metgasco cashed up and ready to run Metgasco cashed up and ready to run

The company had issued more than 3.7 million shares at 70c per share to existing shareholders under a share purchase plan to raise $2.6 million, and placed through Bell Potter Securities a further 6.67 million shares at 75c each to existing institutional shareholders.

Metgasco has 247 petajoules of 2P (proved and probable) CSM reserves in PEL 16 with further reserve upgrades expected this quarter.

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