IPB Petroleum Ltd. (AU:IPB) has released an update.
IPB Petroleum Limited successfully completed a share placement, raising $0.988 million before costs at an issue price of 0.7 cents per share, resulting in the issuance of 141,280,611 new ordinary shares. The capital raised will be used as outlined in the company’s previous announcement, aligning with IPB’s strategic funding goals and compliance with ASX regulations. Interested parties can find detailed information on the use of funds and terms of the placement on the company’s website or the recent ASX announcements.
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