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Sacgasco ( (AU:AOK) ) just unveiled an announcement.
Australian Oil Company Limited has notified the market of the issue of 7.5 million unquoted options, each exercisable at $0.004 and expiring on 22 December 2027. The options, which form part of a previously disclosed transaction and are not intended to be quoted on the ASX, represent a targeted equity-based incentive or funding mechanism that may lead to future dilution for existing shareholders if exercised, while potentially supporting the company’s capital structure and strategic initiatives.
More about Sacgasco
Australian Oil Company Limited is an energy company focused on oil and related hydrocarbon exploration and production activities, with its securities listed on the Australian Securities Exchange under the code AOK.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.5M
For detailed information about AOK stock, go to TipRanks’ Stock Analysis page.