BPH Energy Limited (AU:BPH) has released an update.
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BPH Energy Limited announced the issuance of 57.9 million new shares at $0.018 each, raising $1.04 million to support oil and gas exploration, working capital, and Cortical Dynamics. Additionally, the company increased its stake in Clean Hydrogen Technologies to 16.2% by converting a loan into equity, focusing on hydrogen production technology. Advent Energy, a BPH investee, is seeking judicial review regarding PEP-11 exploration permits, with proceedings adjourned until February 2025.
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