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WildHorse to raise $21.8m

10-March-10 by Staff Reporters

WildHorse Energy says it has entered into agreements to raise $21.8 million, which will be used to fund development of a newly acquired underground coal gasification project in Hungary.

The Perth-based company said it had locked in deals with institutional and sophisticated investors to carry out a placement of 64.1 million shares at 34 cents each.

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