Galilee completes A$15 million capital raise

QUEENSLAND explorer Galilee Energy has successfully completed a share placement raising around A$15 million to go towards exploration and appraisal work at Glenaras in the Galilee Basin.

Galilee completes A$15 million capital raise Galilee completes A$15 million capital raise Galilee completes A$15 million capital raise Galilee completes A$15 million capital raise Galilee completes A$15 million capital raise

The placement to institutional and sophisticated investors issued around 23 million shares at a price of 63c. per share, representing a 9.4% discount to the 5-day average price and an 11.