Falcon Oil & Gas Ltd raises £15.6m ($20.5m) in fundraising for Australian operations and new opportunities.

Falcon Oil & Gas Ltd completed a fundraising, raising £15.6m ($20.5m) in gross proceeds. The funds will be used to advance the company's operations in Australia and pursue new opportunities. The fundraising was through a placing of 285,714,286 new ordinary shares at 5.45 pence per share. However, the announcement is subject to regulatory restrictions and is not for publication or distribution in certain jurisdictions.