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Key Petroleum Limited ( (AU:KEY) ) has shared an announcement.
Key Petroleum Limited has announced the opening of a pro-rata non-renounceable entitlement offer, allowing eligible shareholders to purchase one new share for every five existing shares at a price of $0.062 per share. This offer aims to raise approximately $312,225 before expenses and is set to close on 28 April 2025. The offer is non-renounceable, meaning shareholders who do not participate will see their equity diluted. This move is part of Key Petroleum’s strategy to strengthen its financial position and support ongoing operations.
More about Key Petroleum Limited
Key Petroleum Limited operates in the energy sector, focusing on the exploration and production of oil and gas resources. The company is listed on the Australian Securities Exchange under the ticker ASX: KEY and is involved in developing energy projects primarily in Australia and surrounding regions.
YTD Price Performance: -29.85%
Average Trading Volume: 23,825
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.18M
See more insights into KEY stock on TipRanks’ Stock Analysis page.