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Carnarvon Petroleum pockets additional cash from share purchase plan

The raising was completed at 13 cents and shares are currently trading at a premium.
Carnarvon Petroleum pockets additional cash from share purchase plan
The share purchase plan was oversubscribed

Carnarvon Petroleum Ltd (ASX:CVN) has added to its cash position after raising $4 million via a share purchase plan, bringing the total of the recent raising to $20 million.

The shares will be allotted on Wednesday 6 June 2018.

The raising was priced at 13 cents, with Carnarvon last trading at 14 cents.

READ: Carnarvon Petroleum about to set-up Dorado-1 well targeting gas and liquids

Carnarvon remains focused the commercialisation of high value projects on the North West Shelf of Australia.

WATCH: Carnarvon Petroleum set to "bring forward the next phases of value for shareholders"

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Carnarvon Petroleum Ltd Timeline

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