NEWS ARCHIVE

Carbon cashed up for UCG projects

CARBON Energy is hoping to raise around $20 million through a convertible loan facility and capital raising to fund the continued development of its underground coal gasification projects in Australia, the US and Chile.

Marija Stojkovic

Major shareholder Pacific Road Capital is expected to provide a $10 million convertible loan facility, while the remaining $10 million will be raised through a one for eight non-renounceable rights issue...

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