Whitebark raises cash for Wizard Lake

Oil and gas junior Whitebark Energy will raise up to A$3-million in a partially underwritten entitlement offer to fund maintenance and workovers cost at the Wizard Lake project, in Canada, as well as the acquisition of land mineral leases and for working capital. The ASX-listed company will undertake a one-for-three non renounceable entitlement offer, priced at 3c each, to raise the capital.