Leigh Creek raises funds for ISG demo facility

ASX-listed Leigh Creek Energy has announced a A$21.85-million capital raise to fund its precommercial in-situ gasification (ISG) demonstration facility at its Leigh Creek project, in South Australia. The company on Thursday told shareholders that it would place some 150-million shares at a price of 14.6c each to a cornerstone investor, as well as to sophisticated and professional investors.