Australis cashed up for TMS growth

AUSTRALIS Oil & Gas is raising $10.17 million through a placement of $8 million and share purchase plan of $2 million to fund lease rights over its Tuscaloosa Marine Shale acreage in North America.

Australis cashed up for TMS growth Australis cashed up for TMS growth Australis cashed up for TMS growth Australis cashed up for TMS growth Australis cashed up for TMS growth

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ASX listed Australis launched the placement and SPP this week offering shares at 5 cents per share, roughly a 13.5% discount on its five-day average trading price.

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