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Bass Oil Ltd Director Increases Stake Through Rights Issue

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Bass Oil Ltd Director Increases Stake Through Rights Issue

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The latest update is out from Bass Oil Ltd ( (AU:BAS) ).

Bass Oil Ltd has announced a change in the director’s interest, specifically for Hector Mackenzie Gordon. The director acquired 519,429 fully paid ordinary shares and 259,715 unlisted options as part of the company’s 1 for 3 non-renounceable rights issue. This change reflects an increase in the director’s stake in the company, potentially indicating confidence in the company’s future prospects.

More about Bass Oil Ltd

Average Trading Volume: 480,733

Technical Sentiment Signal: Sell

Current Market Cap: A$8.94M

For a thorough assessment of BAS stock, go to TipRanks’ Stock Analysis page.

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