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Jade Gas Holdings Limited ( (AU:JGH) ) has shared an announcement.
Jade Gas Holdings Limited announced the results of its Share Purchase Plan (SPP), which closed on November 21, 2025. The SPP raised A$117,000 through valid applications, resulting in the issuance of 3,342,849 fully paid ordinary shares. The funds will be used for working capital and strategic initiatives to achieve commercial gas production at the Red Lake gas field. The company may consider placing the shortfall with sophisticated or professional investors. This development supports Jade’s efforts to enhance its operational capabilities and strengthen its position in the Mongolian energy market, contributing to the country’s energy independence and environmental goals.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited is a gas exploration company focused on the coal bed methane (CBM) potential of Mongolia. The company’s flagship project is the Coal Bed Methane gas project in the Tavantolgoi unconventional oil basin, operated through its subsidiary Methane Gas Resource LLC in partnership with Erdenes Methane LLC, representing the Mongolian Government. Jade also collaborates with Mongolia Mining Corporation Limited for CBM rights over the Baruun Naran coal mine. The company holds two prospective CBM permits, Shivee Gobi and Eastern Gobi, covering over 18,000 km2. Jade’s strategy aims to provide a reliable gas supply to Mongolia’s power and transport sectors, reducing reliance on imported fuels and improving environmental outcomes.
Average Trading Volume: 996,115
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$58.75M
See more insights into JGH stock on TipRanks’ Stock Analysis page.