MARKETS

Blue raises $10M from institutionals for Qld development

BLUE Energy raised $10 million via an institutional placement valued at 5c per share, issuing 200 million new shares. The price is a 15.3% discount to the 30-day volume weighted average price ended Friday. It represents 15% of current issued capital.

Jonathon Davidson

Australian cash

It said it has added new shareholders to the register. The Queensland exploration company said funds go to a drilling program at its North Bowen Basin acreage to build reserves across its ATP814 permit. ...

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