Emperor Energy to Raise Nearly AU$18 Million via Share Placement

MT Newswires Live

03/13

Emperor Energy (ASX:EMP) received firm commitments to raise about AU$17.5 million through the placement of roughly 145.8 million new shares at AU$0.12 apiece, according to a Friday filing with the Australian bourse.

Proceeds will be used to advance the Judith-2 appraisal well within the exploration permit Vic/P47 in Victoria, the filing said.

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