FINANCING

Jacka steps back from the brink

JACKA Resources has ended months of uncertainty by executing agreements with London-based Cornhill Asset Management and an as-yet unidentified London-listed entity to assist it in developing the first phase of the Aje field development program, offshore Nigeria.

Haydn Black

Jacka will place $US1 million ($1.3 million) worth of shares and options with Cornhill, which will then fund Jacka's share of the Aje field development program through a private placement of shares in...

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