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Bandanna boosts coffers

QUEENSLAND coal explorer Bandanna Energy has raised $A100 million in an oversubscribed institutional offer. The retail component of the offer is underway and Bandanna expects to raise a total $133 million to fund infrastructure and project development costs.

Blair Price
Bandanna boosts coffers

As takeover speculation grows, Bandanna said there was strong demand from existing and new institutional investors. Institutional investors were offered the chance to buy new Bandanna shares at $1...

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