Fortbridge Media ReleaseReal Energy [---] - Over $7 million raisedReal Energy Corporation Limited (Real Energy) has successfully completed a fund raising in excess of $7 Million through a private financing round and is now moving towards an IPO for a possible listing on the ASX later in the year.
The private company is a new explorer focused on shale oil and conventional oil projects in the Cooper Eromanga Basins.
The fund raising has been strongly supported by a range of investors from Australia and Asia, attracted by the strong fundamentals and upside potential of the Company. The monies raised will be used to fund its up-coming drilling program later in the year.
Chief Executive Officer of Real Energy, Mr Scott Brown, said that the companys aim is to create and add significant value for shareholders by utilising the skills and expertise of a motivated and experienced board and management team.
Please find more in the attached announcement.
For further information, please contact:
Scott Brown
CEO
Real Energy Corporation
+61 410 481 295
Media Enquiries
Bill Kemmery
Fortbridge
+61 (0) 400 122 449