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Bass Oil Ltd ( (AU:BAS) ) has provided an update.
Bass Oil Ltd has announced a pro-rata, non-renounceable rights issue, offering 1 new share for every 3 shares held, priced at $0.032 per new share. This initiative includes a free attaching new option for every 2 new shares subscribed, exercisable at $0.05 by May 2028. The rights issue aims to raise capital, potentially impacting shareholder value through dilution if entitlements are not taken up. The offer is open to eligible shareholders in Australia and New Zealand, with the new securities expected to be quoted on the ASX.
More about Bass Oil Ltd
Average Trading Volume: 216,101
Technical Sentiment Signal: Sell
Current Market Cap: A$11.91M
For an in-depth examination of BAS stock, go to TipRanks’ Stock Analysis page.