Calima Energy Ltd (AU:CE1) has released an update.
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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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