Comet Ridge Ltd (AU:COI) has released an update.
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Comet Ridge Ltd successfully raised approximately A$12 million through a placement to institutional and sophisticated investors at A$0.14 per share. The funds will support the development and testing of the Mahalo Gas Hub projects, including FEED, production testing, and environmental approvals. This move marks a significant step in Comet Ridge’s strategy to supply natural gas to the east coast Australian market.
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