88 ENERGY intends to launch a non-renounceable rights issue in an effort to raise over A$14 million to fund ongoing operations across the North Slope oil and gas exploration assets it shares with Otto Energy, Red Emperor Resources and US Great Bear Petroleum.
The announcement comes just days after the company acquired a large swathe of Alaskan acreage, adding more than 45,000 acres to the company's portfolio in the region. The proposed offer to be...
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