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Drillsearch rattles the tin for $50M

JUST in case anybody thought its acquisition of Acer Energy would leave little cash in Drillsearch Energy's bank account, it has decided to embark on a $50 million capital raising.

James McGrath

Drillsearch ended the 2012 financial year with net cash of about $94 million, prior to announcing a $118 million takeover bid for Cooper Basin junior Acer Energy. While it announced this morning that...

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