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Buru Energy hails strong support for capital raise ahead of Canning Basin drill program

Buru Energy hails strong support for capital raise ahead of Canning Basin drill program

Buru Energy Limited's (ASX:BRU) (OTCMKTS:BRNGF) (FRA:BUD) Eric Streitberg caught up with Proactive's Andrew Scott soon after receiving firm commitments from institutional, professional and sophisticated investors to raise a total of $15 million at 15 cents per share. The company is also undertaking a share purchase plan (SPP) to raise up to $5 million from existing shareholders at 16 cents per share.