Fremont raises cash from family offices

AUSTRALIAN oil and gas explorer Fremont Petroleum, which owns the Pathfinder field in Colorado, US, has raised A$3 million through a placement at an offer price of 0.3 cents per share.

Fremont raises cash from family offices  Fremont raises cash from family offices  Fremont raises cash from family offices  Fremont raises cash from family offices  Fremont raises cash from family offices

 

Yesterday Fremont announced it had secured $3 million of funding commitments through a direct placement to three "respected Australian family offices" who must have some faith in onshore US oil