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Galilee Energy Limited ( (AU:GLL) ) has provided an update.
Galilee Energy Limited has issued 175 million fully paid ordinary shares as consideration to the vendors of Minerals U Pty Ltd, alongside a further 732.43 million shares under the second tranche of a previously announced placement. The company confirmed that these new shares were issued without a disclosure document under the Corporations Act, while affirming its ongoing compliance with financial reporting and continuous disclosure obligations and stating that there is no excluded information requiring disclosure, thereby facilitating secondary trading of the new shares and reinforcing regulatory transparency for investors.
The most recent analyst rating on (AU:GLL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Galilee Energy Limited stock, see the AU:GLL Stock Forecast page.
More about Galilee Energy Limited
Galilee Energy Limited is an oil and gas company aiming to become a mid-tier US gas producer through development of its Zydeco Gas Project in Louisiana. In Australia, it owns 100% of one of the largest uncontracted natural gas resources on the east coast, via the Glenaras Gas Project in Queensland’s Galilee Basin, positioning the company as a significant player in regional gas supply.
Average Trading Volume: 1,784,710
Technical Sentiment Signal: Sell
Current Market Cap: A$6.29M
Find detailed analytics on GLL stock on TipRanks’ Stock Analysis page.