Warrego rakes in $50M

WARREGO Energy announced this afternoon it has successfully raised A$50 million via placement to institutional and sophisticated investors to progress Phase 1 development at its 50% share of the West Erregulla project in the onshore Perth Basin.

25 June 2021
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The two tranche placement was priced at 22c per share, a 10.2% on the company's last closing price Wednesday and a 13.6% discount to its five-day VWAP.

Tranche 1 consists of 147.

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