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Finder Energy Issues New Shares to Boost Capital

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Finder Energy Issues New Shares to Boost Capital

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Finder Energy Holdings Limited ( (AU:FDR) ) has provided an update.

Finder Energy Holdings Limited has issued 51,330,736 fully paid ordinary shares at $0.065 each to institutional, sophisticated, and professional investors. This issuance, part of Tranche 1 Shares, aligns with the company’s compliance with relevant sections of the Corporations Act 2001, and it signifies a strategic move to enhance its capital structure, potentially impacting its market positioning and stakeholder interests.

More about Finder Energy Holdings Limited

Finder Energy Holdings Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is listed on the Australian Securities Exchange under the ticker ASX:FDR.

Average Trading Volume: 367,709

Technical Sentiment Signal: Buy

Current Market Cap: A$20.75M

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

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