Panax eyes more funds

PANAX Geothermal is looking to raise up to $A8 million through an institutional placement and share purchase plan to fund drilling of its Salamander-1 deep production well at Penola, South Australia.

Panax eyes more funds Panax eyes more funds Panax eyes more funds Panax eyes more funds Panax eyes more funds

The company will place 25 million shares at 15c each to institutional investors to raise $3.75 million.

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