Australis capital raise oversubscribed 

AUSTRALIS Oil & Gas has raised A$30.5 million before costs through a placement that comprises of 87 million new ordinary shares at an issue price of 35c per share. 

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Funds to cover new lease acquisition and upcoming drilling program

 
The equity raise consisted of two placements, with tranche one raising A$29.4 million, and a second tranche raising $1.1 million.