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.
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. Both tranches issued new ordinary shares at A$0.35 per share,...
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