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.

Melbana rattles the tin for Cuban exploration campaign Melbana rattles the tin for Cuban exploration campaign Melbana rattles the tin for Cuban exploration campaign Melbana rattles the tin for Cuban exploration campaign Melbana rattles the tin for Cuban exploration campaign

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.