On the 11th of April Cougar did a a share raise at 3 cents there...

On the 11th of April Cougar did a a share raise at 3 cents there is no way the Institutions are going to let it stay at these prices. The Institutions would have been looking at the big picture not just a day to day money grab.


Cougar Energy Limited (ASX: CXY) is pleased to announce that it has received commitments for the placement of 90 million new shares at a price of A$ 0.03 (3.0 cents) per share to institutional, sophisticated and professional investors to raise A$ 2.7 million (before transaction costs). The placement was arranged by Melbourne Capital Limited.