Australian Worldwide Exploration is looking to raise $23 million via a placement and share purcha...
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The company said the funds would be used for growth projects such as the Cliff Head oil discovery (AWE 27.5%), the purchase of an additional 7% stake in the BassGas Project (AWE 37.5%) and the Beharra Springs North gas field discovery (AWE 33%).
AWE also announced the introduction of a SPP to raise $4.7 million. All Australian and New Zealand shareholders will be able to subscribe up to $3000 worth of shares at 81c.
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