• WHL Energy Raises $7.940m
• Strong demand for the Placement from Australian and International institutional and retail investors
• Funds raised to underpin the 2012 forward work program in the Seychelles, including 2D infill seismic to firm up a number of selected high grade prospects.
Oil and Gas exploration company WHL Energy Ltd (ASX: WHN)(“WHL Energy” or “the Company”) is pleased to announce that it has resolved to raise up to approximately $7.940 million through the placement of up to 180,450,000 ordinary shares at 4.4 cents per share to Australian and International institutions along with sophisticated and professional investors (“the Placement”).
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