Bounty Oil & Gas NL ( (AU:BUY) ) has provided an update.
Bounty Oil & Gas N.L. announced the results of its non-renounceable rights issue, which successfully raised $252,000. The funds will be directed towards exploration projects and working capital. The rights issue involved offering 1 new share for every 4 shares held, priced at 0.4 cents per share. The company will issue over 311 million new shares, which will begin trading on the ASX on 7 February 2025. The shortfall offer will remain open for up to three months, allowing shareholders to purchase additional shares.
More about Bounty Oil & Gas NL
Bounty Oil & Gas N.L. is a company operating in the oil and gas industry, focusing on exploration projects. The company provides services related to energy resources and targets market growth through its strategic exploration initiatives.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.44M
See more data about BUY stock on TipRanks’ Stock Analysis page.