Galilee Energy Limited (AU:GLL) has released an update.
Galilee Energy Limited is seeking to raise approximately $2.08 million through a non-renounceable entitlement offer, issuing new shares at $0.012 each on the basis of one new share for every 2.2 existing shares held. The offer is fully underwritten by Canaccord Genuity (Australia) Limited and is intended for eligible shareholders, excluding those in the United States and certain other jurisdictions. Investors are advised to consider the speculative nature of the shares and consult with professional advisers if needed.
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