Elixir Energy makes CBM discovery at Big Slope in southern Mongolia By Proactive Investors investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Elixir Energy Ltd (ASX:EXR) has made another coal bed methane (CBM) discovery at the 100%-owned Nomgon IX CBM Production Sharing Contract (PSC) in the South.
The ASX has fallen more than 1%, proving once again September is rarely a good month for the exchange. The ASX200 fell 1.15% or 83.1 points to 7,174.0.
Elixir Energy Ltd (ASX:EXR) is raising up to $10.5 million via a $7 million placement to institutional and sophisticated investors and a share purchase plan.