Fortbridge Media ReleaseEmerald Oil & Gas [ASX: EMR] - Emerald capital raising completedEmerald Oil & Gas (ASX: EMR) has announced that it has now completed the capital raising announced on 15 December 2011 through a series of placements to sophisticated and institutional investors under the Companys 15% capacity. The remaining 50,000,000 shares were allotted in the last week.
Highlights:
* Completion of capital raising to raise $3.1m at a share price of $0.03
The funds received have been and will continue to be used to appraise, develop and deliver production from Emeralds GRBJV assets.
Please find more in the attached announcement.
For further information, please contact:
Mike Krzus
Managing Director
Tel: +61 8 9482 0510
Fax: +61 8 9482 0505
Email:
Media/investor enquiries:
Peter-John Lewis
Fortbridge
+61 2 9003 0477
+61 416 290 604