Empire Energy Group Announces Share Options Amid Capital Raise

Empire Energy Group Limited ( (AU:EEG) ) has shared an announcement.

Empire Energy Group Limited is offering unlisted free-attaching options to acquire fully paid ordinary shares, contingent on shareholder approval. This initiative is part of a capital raise involving private placements and a share purchase plan, aiming to attract investors comfortable with speculative investments in the oil and gas sector. The options, exercisable at a premium, provide investors with the right to subscribe for shares, although they carry the risk of becoming worthless if the share price falls below the exercise price by the expiry date.

The most recent analyst rating on (AU:EEG) stock is a Buy with a A$0.74 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:EEG Stock Forecast page.

More about Empire Energy Group Limited

Empire Energy Group Limited, soon to be renamed Beetaloo Energy Australia Limited, operates in the oil and natural gas industry, focusing on small-cap equities listed on the ASX. The company is involved in oil and gas mining exploration, targeting investors interested in speculative investments within this sector.

Average Trading Volume: 578,253

Technical Sentiment Signal: Sell

Current Market Cap: A$190.5M

For detailed information about EEG stock, go to TipRanks’ Stock Analysis page.