Boss Energy raises $7m after placement

Nedlands-based oil company Boss Energy Ltd has raised just over $7 million, after placing 17.5 million shares at 40 cents each and 4.3 million attaching options with eligible investors.

The company is awaiting the interpretation of drilling program results completed at its Tasmanian Latrobe oil shale project, located 10 kilometres south west of the port of Devonport.

In anticipation of that interpretation, the company is completing a proposal for a 1000 ton shale bulk sample to be taken from the China Flats area.

Late last year the company completed the acquisition of 2.2 million shares in Greenvale Mining NL, and as a result,
has acquired an interest in oil shale projects in Queensland.