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FINANCING

Emerald increases in value

EMERALD Oil & Gas will raise approximately $US5.7 ($A6.07) million through a placement to sophisticated investor clients of Euroz limited.

Andrew Snelling

In particular, investor Morgan Hart will take the biggest interest of approximately 19.7 per cent of the new capital structure. The company will issue around 457.3 million shares at 1.25c per share,...

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