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Finder Energy Holdings Limited ( (AU:FDR) ) has shared an announcement.
Finder Energy Holdings Limited has successfully raised approximately $19.8 million through the issuance of 53.5 million fully paid ordinary shares at $0.37 each to institutional, professional, and sophisticated investors as part of the first tranche of a placement. The second tranche, consisting of 14,067,568 shares, awaits shareholder approval and is expected to be addressed in an Extraordinary General Meeting in January 2026. This capital raising is likely to bolster Finder’s financial position and enhance its ability to pursue strategic initiatives in the energy sector.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited operates in the energy sector, focusing on exploration and development of oil and gas resources. The company targets institutional, professional, and sophisticated investors to support its growth and operational activities.
Average Trading Volume: 1,699,560
Technical Sentiment Signal: Buy
Current Market Cap: A$161.8M
Find detailed analytics on FDR stock on TipRanks’ Stock Analysis page.