Calima Energy Ltd (AU:CE1) has released an update.
Calima Energy Ltd has confirmed that the recent fluctuations in its stock trading are not due to undisclosed information, stating that potential project acquisitions have not reached a disclosure requirement stage. The company attributes the trading activity to the adjustment of its market value following an $80 million capital distribution to shareholders, with its market capitalization resetting to reflect the net cash per share post-distribution. Calima Energy asserts its compliance with all necessary Listing Rules and has received board approval for its response to the ASX queries.
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