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Hydrocarbon Dynamics ( (AU:HCD) ) has issued an announcement.
Hydrocarbon Dynamics Limited has announced a pro rata non-renounceable entitlement offer, allowing shareholders to purchase one new share for every three existing shares at a price of 0.2 cents per new share. This offer, which includes a shortfall offer for unsubscribed entitlements, aims to raise capital for the company’s operations, potentially impacting its market position and shareholder value.
More about Hydrocarbon Dynamics
Hydrocarbon Dynamics Limited operates in the energy sector, focusing on the exploration and development of hydrocarbon resources. The company is involved in providing innovative solutions for the extraction and management of oil and gas, targeting both domestic and international markets.
Current Market Cap: A$3.23M
For an in-depth examination of HCD stock, go to TipRanks’ Overview page.