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Whitebark Energy Ltd ( (AU:H3E) ) has issued an update.
H3 Energy Limited has issued 213,333,334 fully paid ordinary shares at $0.0075 each to sophisticated and professional investors under a placement first announced on 30 April 2026. The shares were issued without a prospectus under section 708A of the Corporations Act, with the company confirming it is compliant with its continuous disclosure and reporting obligations and that there is no excluded information relevant to the new securities.
The cleansing notice lodged by H3 Energy enables secondary trading of the placement shares by ensuring the market has sufficient information under Australian law. This capital raising strengthens the company’s financial position as it advances its portfolio of hydrocarbon, natural hydrogen, helium and geothermal projects across South Australia, Western Australia and Queensland, with implications for funding ongoing exploration and development activities.
More about Whitebark Energy Ltd
H3 Energy Limited is an ASX-listed exploration and production company focused on hydrocarbons, natural hydrogen and helium to support the energy transition. The company holds extensive exploration acreage in South Australia’s Officer Basin, a substantial contingent gas resource in Western Australia, and geothermal exploration applications in southwest Queensland.
Average Trading Volume: 3,225,812
Technical Sentiment Signal: Sell
Current Market Cap: A$7.74M
See more insights into H3E stock on TipRanks’ Stock Analysis page.