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Elixir Energy Limited ( (AU:EXR) ) has shared an update.
Elixir Energy Limited has successfully closed its Share Purchase Plan (SPP), raising a total of $7.1 million through the recent Placement and SPP. The company will issue one free attaching listed option for every two new shares acquired under the SPP, with options exercisable at 12 cents and expiring in October 2026. With a receivable of $3.7 million from a Research & Development tax credit, Elixir’s net cash position plus receivables totals $10.6 million as of the end of April. This financial maneuvering strengthens the company’s cash position and supports its ongoing projects, potentially enhancing its market positioning and providing reassurance to stakeholders.
More about Elixir Energy Limited
Elixir Energy Limited operates in the energy sector, focusing on the exploration and development of energy resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker EXR.
Average Trading Volume: 20,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: $23.34M
For a thorough assessment of EXR stock, go to TipRanks’ Stock Analysis page.