MARKETS

State Gas raises $5M for Rolleston West

QUEENSLAND-BASED gas exploration and development company State Gas has completed a $5 million capital raising at $0.15 per share from sophisticated and professional investors.

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The gas company said the placement price represented a 16.7% discount to the last closing price on July 31 and a 16.8% discount to the 15-day VWAP of the company's shares up to the same date.  The company...

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