Hydrocarbon Dynamics Announces Entitlement Offer to Raise $718,000

Hydrocarbon Dynamics ( (AU:HCD) ) has shared an announcement.

Hydrocarbon Dynamics Limited has announced a 1 for 3 non-renounceable Entitlement Offer priced at 0.2 cents per share, aiming to raise approximately $718,000. The offer is structured as a pro rata non-renounceable issue and is not underwritten, which means it is unlikely to significantly impact the control of the company. The outcome will depend on investor demand and existing shareholder holdings.

More about Hydrocarbon Dynamics

Hydrocarbon Dynamics Limited operates in the energy sector, focusing on the development and distribution of hydrocarbon-related products and services. The company is listed on the Australian Securities Exchange under the code HCD.

Current Market Cap: A$2.16M

See more data about HCD stock on TipRanks’ Stock Analysis page.