Carnarvon Petroleum Ltd (ASX:CVN) has added to its cash position after raising $4 million via a share purchase plan, bringing the total of the recent raising to $20 million.
The shares will be allotted on Wednesday 6 June 2018.
The raising was priced at 13 cents, with Carnarvon last trading at 14 cents.
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Carnarvon remains focused the commercialisation of high value projects on the North West Shelf of Australia.