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Mitra Energy to raise $80 mln to fund acquisitions - source

Reuters

TORONTO, Oct 28 (Reuters) - Southeast Asia-focused, Toronto-listed Mitra Energy Inc is set to raise about $80 million in capital to help drive growth through acquisitions, according to a source familiar with the situation.

About $40 million would be raised as a private placement and the rest in the form of a credit loan facility, the source said, declining to be named as the matter is private. (Reporting by John Tilak, editing by G Crosse)