OPERATIONS

Galilee closes SPP but fails to hit target

GALILEE Energy has closed its share purchase plan raising $1.55 million well below its target of $3 million, but an earlier placement of $11.8 million means the company is well financed for its five well drilling campaign at the Glenaras project.

Galilee closes SPP but fails to hit target

  Galilee had extended its SPP offer out by a week.  The SPP offered shares at 32 cents to a limit of $30,000 per shareholder with no brokerage fees, a 14.1% discount to the 10-day volume weighted...

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