88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has taken a strategic step to empower its shareholders while accelerating transformative projects in Alaska, announcing a rights issue to raise up to £6.29mln (A$12mln) of new capital.

Mayor Dave Bronson of Anchorage, Alaska, has put forth a novel plan that could reshape the lives of the city's homeless people.