Pilot Energy Limited (AU:PGY) has released an update.
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Pilot Energy Limited has successfully secured $4 million from investors to support its innovative Mid West Clean Energy Project in Western Australia, which includes a pioneering offshore carbon storage initiative. The placement raised capital by issuing over 181 million shares at a premium, along with additional listed options. This financial boost aims to fund project development stages and general corporate activities, signaling robust investor backing and a milestone in Australia’s carbon management efforts.
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