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Strike Energy Ltd completes A$12.7 mln capital raising

Wednesday, 12 Mar 2014 06:28pm EDT 

Strike Energy Ltd:Announces completion of A$12.7 mln capital raising by way of a private placement to sophisticated and professional investors.To issue 105,977,949 fully paid ordinary shares at A$0.12 per share to sophisticated and professional investors.Funds raised by placement will be used to accelerate the appraisal and development of Strike’s Southern Cooper Basin Gas Project.Bell Potter Securities Limited acted as lead manager for placement with Blackswan Equities Limited acting as co‐manager.Placement is expected to settle on March 19, with the placement shares expected to be issued and to commence trading on ASX on March 20. 

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0.0050 +4.35%
23 Jul 2014