Comet Ridge LtdASX: COI

Successful $24 million placement to advance Mahalo blocks

· Issued by Comet Ridge Ltd

Filed with ASX · · 2 pages · English

• Funds raised to be applied to new core and pilot well drilling at the Company’s 100% owned and operated northern Mahalo blocks, provide for loan repayment, Mahalo North initial reserves certification and working capital Approximately $8.6 million of the funds raised under the Placement is intended to be applied to core and pilot well drilling at the Company’s 100% owned and operated northern Mah

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