MARKETS

Armour's biggest backers pay down more debt

ARMOUR Energy has raised $5 million in pursuit of expanding its Queensland gas production but mostly to pay down existing debt and restructure its debt facilities.

Helen Clark

Armour's biggest backers pay down more debt

Its main shareholders DGR Global and Bizzell Capital Partners have kicked in $4 million and $300,000, respectively, and BAM Opportunities has put in another $340,000. Funding came via redeemable exchangeable...

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