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The latest update is out from Finder Energy Holdings Limited ( (AU:FDR) ).
Finder Energy Holdings Limited has issued 42 million fully paid ordinary shares at $0.50 each to existing and new institutional, sophisticated and professional investors, raising fresh equity capital. The company confirmed the tranche was issued without a prospectus under available Corporations Act provisions, and that it remains compliant with its continuous disclosure and reporting obligations, providing assurance to shareholders about regulatory adherence.
The new share issue underpins Finder’s funding base and may support ongoing exploration and development activities, potentially strengthening its position in the energy sector. By confirming there is no excluded information and that it is meeting statutory reporting and disclosure requirements, Finder aims to maintain market confidence and ensure the new shares can trade freely on the ASX.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an Australia-based energy company listed on the ASX under the ticker FDR. The company focuses on oil and gas exploration and development, targeting institutional, sophisticated and professional investors in the resources and energy sector.
Average Trading Volume: 798,877
Technical Sentiment Signal: Buy
Current Market Cap: A$232.6M
Learn more about FDR stock on TipRanks’ Stock Analysis page.