Emperor raises A$1M for Gippsland exploration

EMPEROR Energy has received firm commitments to raise A$1 million through a share placement to help strengthen its balance sheets, pay off debt and fund its exploration activities offshore Victoria, where it has been working to develop the Judith gas resource for some time in V/P47.

Emperor raises A$1M for Gippsland exploration Emperor raises A$1M for Gippsland exploration Emperor raises A$1M for Gippsland exploration Emperor raises A$1M for Gippsland exploration Emperor raises A$1M for Gippsland exploration

Also looks to pay off creditors

The company said on Friday it has raised cash from professional, sophisticated and other exempt investors through the issue of 33.