By: Esmarie Swanepoel
ASX-listed Empire Oil and Gas on Thursday announced that it would raise A$15.7-million in a share placement and rights offer as part of its growth strategy.
The explorer noted that the raising would comprise of a A$5.5-million share placement to sophisticated and institutional investors, priced at 0.5c a share. The placement would be undertaken under the company’s existing capacity, and would not require shareholder approval. →