Botala Energy Ltd. (AU:BTE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Botala Energy Ltd has announced a corrective action after inadvertently breaching ASX Listing Rule 10.1 during its acquisition of the remaining 30% stake in the Serowe CBM Project from Pure Hydrogen Corporation Limited. The company is taking steps to ensure compliance in future transactions and will seek shareholder approval for the acquisition at a general meeting scheduled for late December. Botala remains optimistic about its full ownership of the project and its potential for growth.
For further insights into AU:BTE stock, check out TipRanks’ Stock Analysis page.