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Sacgasco ( (AU:AOK) ) has issued an announcement.
Australian Oil Company Limited has outlined plans for a capital raising via a significant issue of new securities on the ASX. The move underlines the company’s continued reliance on equity-based funding to advance its oil and gas portfolio.
The company proposes to issue up to 380,834,367 new fully paid ordinary shares alongside 190,417,184 unlisted options exercisable at $0.006 each, expiring on 30 June 2028. The securities are expected to be issued on 10 June 2026, potentially expanding the company’s capital base and future dilution for existing shareholders.
More about Sacgasco
Australian Oil Company Limited is an energy explorer and producer focused on oil and gas assets. The company is listed on the ASX under the code AOK and finances its operations through equity and option issuances to support ongoing development activities in the sector.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.72M
See more insights into AOK stock on TipRanks’ Stock Analysis page.
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