Warrego raises A$15m

ASX-listed Warrego Energy will raise A$15-million through a two tranche share placement to institutional and sophisticated investors to fund drilling at its West Erregulla assets, in Western Australia.

The first tranche will consist of 94.9-million shares will be issued under the company’s existing placement capacity, while the second tranche of 20.5-million shares will settle in early July, subject to shareholder approval.