MARKETS

Carnarvon seeking cash for Dorado development

DORADO joint venture partner Carnarvon Petroleum is looking to raise A$79 million in a placement of new shares, to fund its ongoing field appraisal work and future front-end engineering design studies.

paul hunt

Carnarvon seeking cash for Dorado development

Carnarvon told the market this morning it would issue 202 million new shares under the institutional placement at an issue price of 39 cents per share. The issue price represents an 8.2% discount...

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