KEY POINTS:
New Zealand Oil and Gas (NZOG) said today that it raised NZ$17.4 million from a rights issue.
Acceptances were received for rights representing 75.7 per cent of shares.
NZOG had wanted to raise $23 million from the rights issue, to go towards $40.5m in new capital.
NZOG is spinning off its Pike River Coal subsidiary and expects to make a public float next month.
- NZPA
