In an announcement to the Australian Securities Exchange, the company said it would issue 280 million shares at A4.3 cents each to raise $12 million.
A further 70 million shares would be offered under the SPP, to open on 2 April and close on 13 April.
The capital raising would enable the company to keep its 60% operating interest in block L6 and 30% interest in Block L9, the company said.
With
