MARKETS

Melbana rattles the tin for Cuban exploration campaign

MELBANA Energy has launched a capital raise hoping for A$7.1 million through a pro rata non-renounceable entitlement offer to primarily go towards its exploration campaign in Block Nine, Cuba.

Mark Tilly

Seeks to raise A$7.1 million

ASX-listed Melbana acquired Block Nine in 2015 and shares it with its joint venture partner and Sonangol in a 30-70 respective split and a PSC with the Cuban government. The joint venture is planning...

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