Key capital raise to fund Tanbar and Perth Basin exploration

KEY Petroleum is looking to raise A$710,518 through a placement of 142.1 million shares at 0.5 cents per share to fund future works at its Tanbar gas project in the Cooper Basin and development of the Mt Horner oil field in the Perth Basin.

Key capital raise to fund Tanbar and Perth Basin exploration Key capital raise to fund Tanbar and Perth Basin exploration Key capital raise to fund Tanbar and Perth Basin exploration Key capital raise to fund Tanbar and Perth Basin exploration Key capital raise to fund Tanbar and Perth Basin exploration
 
The company announced the capital raise to institution and sophisticated investors on Friday after the market had closed, and said the funds would be used for preparatory works for drilling the