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The latest announcement is out from Blue Energy Limited ( (AU:BLU) ).
Blue Energy Limited announced that it has received a waiver from the ASX Listing Rule 7.1, allowing it to conduct a Share Purchase Plan (SPP) at an issue price of $0.005, which is the same as a previously announced placement. This waiver permits the company to issue shares without shareholder approval, which would otherwise be required under the listing rules. The waiver facilitates timely participation by shareholders and aligns with the company’s strategy to offer shares at a significant discount, enhancing shareholder value and maintaining compliance with the overall cap on issued capital.
More about Blue Energy Limited
Blue Energy Limited operates in the energy sector, focusing on the exploration and development of natural gas resources. The company is involved in providing energy solutions, primarily targeting the Australian market.
Average Trading Volume: 2,695,031
Technical Sentiment Signal: Sell
Current Market Cap: A$12.77M
See more data about BLU stock on TipRanks’ Stock Analysis page.