Galilee Energy Director Ups Shareholding

Galilee Energy Limited (AU:GLL) has released an update.

Raymond Shorrocks, a director at Galilee Energy Limited, has significantly increased his stake in the company through the participation in an Entitlement Offer and the subsequent shortfall. Before the transaction, Shorrocks held 2,702,886 ordinary shares, and post-transaction, his holdings have risen to 12,969,290 shares at a value of $0.012 per share. This change is notable as it demonstrates a director’s growing investment in the company’s future.

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