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An announcement from Whitebark Energy Ltd ( (AU:H3E) ) is now available.
H3 Energy Limited has issued 6,000,000 fully paid ordinary shares at $0.005 per share to service providers in lieu of cash payment for services, following shareholder approval at an April 2026 extraordinary general meeting. The new shares were issued without a prospectus under the Corporations Act’s cleansing provisions, with the company confirming it is compliant with its reporting obligations and that no excluded information needs to be disclosed, signaling a routine capital management step that slightly dilutes existing holders while conserving cash.
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 over proven hot water locations in southwest Queensland.
Average Trading Volume: 2,815,411
Technical Sentiment Signal: Sell
Current Market Cap: A$10.31M
Find detailed analytics on H3E stock on TipRanks’ Stock Analysis page.