Australian junior oversubscribed in cash raise to drill North Slope

ASX-listed 88 Energy has locked in A$17.5 million via a placement to drill its Hickory-1 wildcat at its Phoenix project on the North Slope of Alaska.

Australian junior oversubscribed in cash raise to drill North Slope Australian junior oversubscribed in cash raise to drill North Slope Australian junior oversubscribed in cash raise to drill North Slope Australian junior oversubscribed in cash raise to drill North Slope Australian junior oversubscribed in cash raise to drill North Slope

 

88E received commitments for 1.842 billion shares offered at 0.95 cents.  

The offer to institutional and sophisticated investors was a 20.