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Brokers seek backers for $5m Oilex raising

Oil and gas junior Oilex is seeking to raise $5 million in a share purchase plan to be managed and underwritten by brokers DJ Carmichael and Patersons Securities.

Sarah Thompson, Anthony Macdonald and Jake Mitchell
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Oil and gas junior Oilex is seeking to raise $5 million in a share purchase plan to be managed and underwritten by brokers DJ Carmichael and Patersons Securities.

The brokers were calling on advisers and fund managers to sub-underwrite the $5 million deal on Monday.

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Original URL: https://www.afr.com/companies/financial-services/brokers-seek-backers-for-5m-oilex-raising-20141124-11t1m4