Ann: Capital Raising - Placement of Shares, page-2

Quiet around here, spooky in fact lol. Hang in there.
"Key Petroleum Ltd (Key or Company) is pleased to advise that it has completed arrangements for a capital raising via a placement of 100 million ordinary fully paid shares at $0.01 each to raise A$1,000,000.00 (Placement) before costs. The Placement shares will be issued to a sophisticated investor. Funds raised under the Placement will be expended on the following:- • Funding Key’s share of work commitments in the Perth Basin, Canning Basin and Cooper Eromanga Basin; • Additional working capital.