ESG turns to investors for LNG project

EASTERN Star Gas has gone into a trading halt with plans to raise $100 million through a placement to fund its development of the Newcastle liquefied natural project.

ESG turns to investors for LNG project ESG turns to investors for LNG project ESG turns to investors for LNG project ESG turns to investors for LNG project ESG turns to investors for LNG project

The funds will be raised through a fully underwritten placement of 122 million shares, representing 13.5% of ESG's issued share capital, to institutional and sophisticated investors.

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