RENEWABLE ENERGY

Panax equity raising oversubscribed

PANAX Geothermal has completed the first part of its $9.3 million capital raising that will go towards the drilling of the Salamander-1 deep production well at the Penola project in South Australia.

Panax equity raising oversubscribed

The company said the placement and institutional component of the one for four accelerated non-renounceable entitlement offer raised about $7 million at 13c per share and was oversubscribed. The company...

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