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Galilee Energy Issues New Shares to Bolster Strategic Growth

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Galilee Energy Issues New Shares to Bolster Strategic Growth

Confident Investing Starts Here:

The latest announcement is out from Galilee Energy Limited ( (AU:GLL) ).

Galilee Energy Limited has announced the issuance of 116,666,666 fully paid ordinary shares as part of a placement previously disclosed to the ASX. This move is in line with the company’s compliance with relevant sections of the Corporations Act, and it positions Galilee to enhance its financial capacity to support its operations and strategic goals in the sustainable energy sector.

More about Galilee Energy Limited

Galilee Energy is advancing towards becoming an integrated and diversified sustainable energy company and a key supplier of natural gas to the east coast market of Australia. The company is the 100% owner of one of the largest uncontracted natural gas resources on the east coast of Australia, located within the Glenaras Gas Project in Queensland’s Galilee Basin. The Glenaras Gas project’s location and environmental credentials, including the production of fresh water from its coals for beneficial use in crop production along with low CO2 levels, positions Galilee to be a material supplier of sustainable energy.

Average Trading Volume: 638,926

Technical Sentiment Signal: Buy

Current Market Cap: A$3.9M

Find detailed analytics on GLL stock on TipRanks’ Stock Analysis page.

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