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Target Energy Undertakes Entitlement Issue

April 27, 2015 5:22 PM EDT

WEST PERTH, AUSTRALIA -- (Marketwired) -- 04/27/15 -- US-focused oil and gas producer Target Energy Limited ("Target") (OTCQX: TEXQY) (ASX: TEX) announces that it is undertaking a renounceable pro-rata entitlement issue to raise up to approximately A$5m.

Renounceable pro-rata entitlement issue to raise up to approximately $5.0m, with approximately $2.9m of underwriting securedDirectors to sub-underwrite approximately $1.3 million of the entitlement issue and further $1.4 million of commitments have been received from shareholders... More