Cauldron Energy Plans Major Securities Issue

Cauldron Energy Limited (AU:CXU) has released an update.

Cauldron Energy Limited has announced a new securities issuance, proposing to issue over 112 million new fully paid ordinary shares and more than 56 million options expiring in December 2025. The key dates for investors include an ex-date of October 2, 2024, a record date of October 3, 2024, with the offer closing on October 17, 2024, and the issue date set for October 24, 2024. This move aims to expand the company’s financial capabilities and offer investors a chance to increase their stake in the energy sector.

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