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Finder Energy Issues New Shares to Longreach Capital

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Finder Energy Issues New Shares to Longreach Capital

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Finder Energy Holdings Limited ( (AU:FDR) ) just unveiled an update.

Finder Energy Holdings Limited has issued 40,976,923 fully paid ordinary shares to Longreach Capital Investment Pty Ltd at an issue price of $0.065 per share. This issuance, approved at the company’s Extraordinary General Meeting, is part of the company’s strategy to enhance its financial position and support its growth initiatives, potentially impacting its market standing and stakeholder interests.

More about Finder Energy Holdings Limited

Finder Energy Holdings Limited operates in the energy sector, focusing on exploration and production activities. The company is involved in developing energy resources and has a market focus on expanding its asset base and capital investments.

Average Trading Volume: 603,972

Technical Sentiment Signal: Buy

Current Market Cap: A$30.21M

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

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