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Sacgasco ( (AU:AOK) ) has shared an announcement.
Australian Oil Company Limited has notified the market of the issuance of 153,466,896 new unquoted options, exercisable at $0.004 each on or before 22 December 2027, under an existing transaction previously flagged to investors. The creation of this large tranche of unlisted options potentially strengthens the company’s ability to incentivise stakeholders and raise future capital, while introducing a possible source of future equity dilution that existing shareholders will monitor closely.
More about Sacgasco
Australian Oil Company Limited operates in the oil and gas sector, focusing on exploration and production activities, and is listed on the Australian Securities Exchange under the code AOK.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.5M
Find detailed analytics on AOK stock on TipRanks’ Stock Analysis page.