The Australian website is stating GAS explorer Sundance Energy...

The Australian website is stating

GAS explorer Sundance Energy Australia increased its Australian equity raising by 30 per cent to $80 million before closing the offer today.

Sundance has suspended its shares and is expected to inform the market about the increased placement tomorrow morning, together with its decision to put a United States dual listing on ice.

The explorer had planned to tap the Australian market for $60.6 million, in a raising run by listed Perth broker Euroz Securities, but increased the offer on the back of strong domestic institutional demand.

good to see such strong demand and the discount is only 5%