Buccaneer
said
the
equity
raising
involved
the
placement
of
the
97
million
share
shortfall
from
its
share
purchase
plan
(SPP)
and
an
additional
placement
of
97
million
ordinary
shares
at
an
issue
price
of
A$0.095
and
$0.045
per
share
respectively.
However,
it
added
investors
would
be
required
to
subscribe
for
an
equal
number
of
shares
in
the
SPP
shortfall
and
the
additional
placement
which
equated
to
an
average
price
of
A$0.07
per
share.
The
equity
raising
will
be
used
as
capital
expenditure
on
pipelines
and
facilities
to
bring
the
company's
Kenai
Loop-1
well…
