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Carnarvon raises A$50 million for Dorado appraisal

CARNARVON Petroleum's popularity with investors saw the company fill its pockets shortly after announcing a placement two days ago, as it looked to raise A$50 million to progress appraisal and exploration at its Dorado and Roc South assets.

Paul Hunt
Carnarvon raises A$50 million for Dorado appraisal

  The explorer announced the placement Tuesday morning, offering a 151.6 million share issue at 33 cents per share, which was a 10.8% discount to its last closing price and a 12.9% discount to its 10-day...

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