BRIEF-Bass Oil To Acquire Vanessa Gas Field And Launches Capital Raise

Reuters
14 May
BRIEF-Bass Oil To Acquire Vanessa Gas Field And Launches Capital Raise

May 14 (Reuters) - Bass Oil Ltd BAS.AX:

  • BASS TO ACQUIRE VANESSA GAS FIELD AND LAUNCHES CAPITAL RAISE

  • RAISING A$3.1M VIA A 1-FOR-3 NON-RENOUNCEABLE ENTITLEMENT OFFER AT A$0.032 PER SHARE

  • CAPITAL REQUIRED A$1.3 MILLION TO RECOMMISSION VANESSA GAS PRODUCTION FACILITY, OTHERS

Further company coverage: BAS.AX

((Reuters.Briefs@thomsonreuters.com;))

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