Buru Energy

Buru recognises the Traditional Owners of the land on which we operate, and we acknowledge their ongoing cultural and spiritual connections to the lands, waters, skies and communities. We pay our respects to their Elders past, present and emerging.

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Buru Energy secures A$5 million in placement for Rafael development; launches SPP

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Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has raised about A$5 million in a strongly supported placement at 11.5 cents per share to fund ongoing appraisal and development of its Rafael gas and condensate discovery in the Canning Basin of Western Australia.

The placement attracted significant interest, securing investments from both existing major shareholders and new institutional and professional investors.

Alongside the placement, the company has also launched a share purchase plan (SPP) for its existing shareholders, allowing them to invest at the same price as the placement.

This reflects strong market support for Buru Energy's direction and strategy in advancing the Rafael project.