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Buru confirms $28m share placement

Western Australian energy explorer Buru has confirmed a $28 million share placement with the vast majority taken up by privately owned Coogee Chemicals.

Max Mason | Angela Macdonald-Smith | Sarah Thompson

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West Australian energy explorer Buru has confirmed a $28 million share ­placement with the vast majority taken up by privately owned Coogee ­Chemicals. As foreshadowed in The Australian Financial Review, Coogee Chemicals has purchased a 8.9 per cent stake in Buru, worth $20 million.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

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    Original URL: https://www.afr.com/companies/buru-confirms-28m-share-placement-20140922-jflhr