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Jade Gas Holdings Limited ( (AU:JGH) ) just unveiled an announcement.
Jade Gas Holdings Limited has extended the closing date of its Share Purchase Plan (SPP) by five business days to allow eligible shareholders more time to participate. The SPP aims to raise up to A$2.1 million at an offer price of A$0.035 per share, with participation being optional and not underwritten. This extension provides shareholders additional time to consider their involvement, potentially impacting the company’s capital raising efforts and future project developments.
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, managed through its subsidiary Methane Gas Resource LLC in partnership with the Mongolian Government. Jade also has a joint venture with Mongolia Mining Corporation Limited for CBM rights over the Baruun Naran coal mine. The company holds additional CBM permits in Shivee Gobi and Eastern Gobi, aiming to provide a reliable gas supply to Mongolia’s power and transport sectors.
Average Trading Volume: 1,084,630
Technical Sentiment Signal: Sell
Current Market Cap: A$66.02M
For a thorough assessment of JGH stock, go to TipRanks’ Stock Analysis page.