South Pacific raises $1.1 million

SOUTH Pacific Resources has raised $1,122,000 to advance its oil and gas interests in Papua New Guinea.
South Pacific raises $1.1 million South Pacific raises $1.1 million South Pacific raises $1.1 million South Pacific raises $1.1 million South Pacific raises $1.1 million

The company raised the money through the placement of 18.7 million shares at 6c per share, and the options are unlisted and have an exercise price of 12c and expire six months after the date of issue.

"The company thanks shareholders for their continued support," said South Pacific chairman Domenic Martino.

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