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Key Petroleum Limited ( (AU:KEY) ) has shared an announcement.
Key Petroleum Limited has announced the results of its pro-rata non-renounceable entitlement offer, which concluded on May 6, 2025. The offer, allowing shareholders to purchase one new share for every five held at A$0.062 per share, resulted in the issuance of 471,874 new shares and 1,576,386 shortfall placement shares. These shares are set to begin trading on the ASX on May 14, 2025. The company is working to place the remaining shortfall shares within three months, potentially impacting its financial standing and shareholder value.
More about Key Petroleum Limited
Key Petroleum Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker KEY and is engaged in activities that support the extraction and production of petroleum products.
Average Trading Volume: 22,246
Technical Sentiment Signal: Sell
Current Market Cap: A$1.08M
For an in-depth examination of KEY stock, go to TipRanks’ Stock Analysis page.