EXPLORATION

ADX raises cash for project development

AUSTRIA-focused ADX Energy has raised $2.55 million through a placement to sophisticated investors to fund development of its Anshof oil discovery and Welchau gas project.

paul hunt

The placement of 425 million shares at 0.6 cents included one free option for every two-shares purchased. Cash will be used to secure long lead items and a drilling contractor for exploration of the...

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