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Grand Gulf Energy Limited ( (AU:GGE) ) just unveiled an update.
Grand Gulf Energy Limited has successfully raised $700,000 through a placement of 350,000,000 fully paid ordinary shares at an issue price of $0.002 per share. Additionally, the company has issued 20,037,728 shares as an option fee for the Wrangel Option to TSE Oil and Gas Pty Ltd. This strategic move is expected to strengthen the company’s financial position and support its ongoing projects, potentially impacting its market standing and stakeholder interests positively.
More about Grand Gulf Energy Limited
Grand Gulf Energy Limited is a company operating in the energy sector, focusing on oil and gas exploration and production. The company is involved in various projects aimed at expanding its resource base and enhancing its market position.
Technical Sentiment Signal: Hold
Current Market Cap: A$8.4M
See more data about GGE stock on TipRanks’ Stock Analysis page.