Institutions back Sole plans

COOPER Energy's mission to become the first new Gippsland Basin gas player since Nexus Energy almost a decade ago has moved forward, with the company raising $18.4 million and seeking a further $5 million more from retail shareholders as it speeds toward the final investment decision on its Sole gas field.

Institutions back Sole plans Institutions back Sole plans Institutions back Sole plans Institutions back Sole plans Institutions back Sole plans

The placement, which was strongly backed by existing institutional shareholders and a number of new institutional investors, was pitched at $0.22 per share, a 12% discount to the recent trading price.

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