Northern Energy launches $4M raising

NEWLY-formed Australian coal explorer Northern Energy Corporation (NEC) has launched a A$4 million public offer, ahead of its February ASX listing.

Northern Energy launches $4M raising Northern Energy launches $4M raising Northern Energy launches $4M raising Northern Energy launches $4M raising Northern Energy launches $4M raising

The IPO will see 20 million new shares issued at 20c each with the IPO closing on February 11.Based on maximum subscription to its offer, NEC will hold a market capitalisation of $11 million.

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