Galilee Energy’s New Shareholder Offer

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

Galilee Energy Limited has announced the dispatch of its offer booklet and personalized application form for a non-renounceable entitlement offer, allowing eligible shareholders to purchase additional shares at a ratio of 1 for every 2.2 held, aiming to raise approximately $2.08 million. The funds are intended for scheme costs, advancing the merged group’s assets, and general working capital. Ineligible shareholders, particularly those outside Australia, New Zealand, or the Cayman Islands, are excluded from the offer.

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