Norwest to Raise Funds for North Perth Basin Acquisition
Norwest Energy has entered into an agreement with Patersons Securities Limited, which will act as lead manager in arranging to place up to 56,575,000 shares at an issue price of 2.3c to raise up to $1,300,075.
The funds raised will be used to fund the purchase of Victoria Petroleum's Northern Perth Basin assets, further the Company's exploration programs in Western Australia's Perth Basin and the UK's Wessex Basin and to provide further working capital.
- Transerv, Norwest Join Hands to Drill Xanadu Prospect in Perth Basin Off WA (Jul 11)
- Australia's Norwest Energy Updates on Operations at its Upstream Assets (Sep 15)
- Norwest Energy Forms Alliance with Rey Resources to Develop Assets in WA (Jun 03)