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Olea raises $500k, appoints Richards, Marwick to board

Ascot-based olive oil maker Olea Australis Ltd will raise $500,000 through a placement to fund the continued expansion of its Dandaragan Estate. The company placed 27.8 million shares at 1.8 cents to raise the money, which it plans to use for growth in both the wholesale and branded areas of the business.

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