Eastern to raise cash for Broughton

EASTERN Corporation is looking to raise $2.5 million via a share placement to fund drilling at its Broughton project in Queensland's Bowen Basin.

Eastern to raise cash for Broughton Eastern to raise cash for Broughton Eastern to raise cash for Broughton Eastern to raise cash for Broughton Eastern to raise cash for Broughton

The share placement scheduled for November 29 will include the placement of 50 million ordinary shares and the issue of 20 million yet to be priced options to sophisticated investors.

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