DRILLING

Rialto to snare $19.4M

AFRICA-focused Rialto Energy is set to receive $US20 million ($A19.44 million) from the International Finance Corporation to fund its drilling operations at CI-202, offshore Ivory Coast.

Rialto to snare $19.4M

The cash will be stumped up by the IFC, a member of the World Bank group, via a non-brokered private placement. The placement will involve the issue of both ordinary shares and warrants, and requires...

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