Condor Energy Plans Major Share and Option Issue on ASX

Global Oil & Gas ( (AU:CND) ) has shared an update.

Condor Energy Limited has notified the ASX of a proposed capital raising via a placement or similar issue structure. The company plans to issue up to 132,352,941 new ordinary fully paid shares and 66,176,471 options over CND, with the securities expected to be issued on 7 May 2026.

The transaction will significantly expand Condor Energy’s listed capital base and may provide additional funding capacity for its operational or growth initiatives. The scale of the proposed issuance could influence existing shareholder dilution, trading liquidity, and the company’s flexibility to pursue future projects or strategic opportunities.

More about Global Oil & Gas

Condor Energy Limited is an Australian-listed company in the energy sector, focused on oil and gas exploration and production. The company’s ordinary fully paid shares trade on the ASX under the ticker CND, positioning it within the upstream resources segment of the local capital market.

YTD Price Performance: 5.00%

Average Trading Volume: 1,258,380

Technical Sentiment Signal: Sell

Current Market Cap: A$15.05M

For an in-depth examination of CND stock, go to TipRanks’ Overview page.