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Comet Ridge Raises $40 Million Placement to Complete Mahalo Gas Acquisition

11:49am on Wednesday 24th of June, 2026 AEST Energy
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Comet Ridge Raises $40 Million Placement to Complete Mahalo Gas Acquisition

11:49am on Wednesday 24th of June, 2026 AEST
Key Points
  • Two-tranche placement raises $40 million before costs
  • Directors commit $300,000 subject to approval
  • Share purchase plan targets additional $5 million
  • Funds to settle Santos acquisition costs and advance project
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