Cash injection to boost Northern Energy developments

NORTHERN Energy today completed a $A6 million fund raising with proceeds to go towards development of its Maryborough and Elimatta projects in Queensland and its commitment to the proposed Wiggins Island Coal Terminal at Gladstone.

Cash injection to boost Northern Energy developments Cash injection to boost Northern Energy developments Cash injection to boost Northern Energy developments Cash injection to boost Northern Energy developments Cash injection to boost Northern Energy developments

Northern Energy placed 4.8 million ordinary shares at $A1.25 each – an 8% discount to the August 2008 volume-weighted average price.

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