Australis raises cash in first tranche

AUSTRALIS Oil & Gas has raised A$7.5 million after a placement of 150 million new shares at a price of 5c each. They began trading today. 

Australis raises cash in first tranche Australis raises cash in first tranche Australis raises cash in first tranche Australis raises cash in first tranche Australis raises cash in first tranche

Tuscaloosa Marine Shale

The money goes to its work in the US where acreage is concentrated on the Tuscaloosa Marine Shale.
 
The second tranche of 13.