Empire raises cash for Beetaloo exploration

EMPIRE Energy has raised A$10 million through a placement to fund its upcoming drilling campaign in the Northern Territory’s Beetaloo Sub-basin.

Empire raises cash for Beetaloo exploration Empire raises cash for Beetaloo exploration Empire raises cash for Beetaloo exploration Empire raises cash for Beetaloo exploration Empire raises cash for Beetaloo exploration

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The placement to institutional and sophisticated investors was offered at 30 cents per share, doubling its cash in the bank to A$20 million.