DRILLING

Marion cashed up for drilling in Utah

MARION Energy has raised $15 million from a share placement to Australian institutions to fund its near-term drilling program at the Clear Creek and Helper projects in Utah.

Marija Stojkovic

The company said 17.442 million shares were issued at 86c per share to a limited number of Australian institutions, with the amount and timing of the placement determined by the company's capital requirements...

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