Sun Resources cap raising closed fully subscribed at $2.2m

Balcatta based oil and gas company Sun Resources NL has closed a shares and options offer fully subscribed at $2.2 million.

The issue, of 22 million shares at 10c each and 11 million options at an exercise price of 20c, was to fund exploration at two of the company's Texas projects, Flour Bluff and Project Margarita.