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An update from Melbana Energy Limited ( (AU:MAY) ) is now available.
Melbana Energy Limited, an energy company listed on the ASX, has issued an addendum to its Notice of Extraordinary General Meeting scheduled for October 15, 2025. The addendum outlines the issuance of up to 25,000,000 unlisted Joint Lead Manager (JLM) Options to Bell Potter Securities Limited and PAC Partners Securities Pty Limited, subject to shareholder approval. These options are part of a compensation agreement for services related to a recent placement, and the company is considering applying for their quotation on the ASX. Approval of this resolution would enhance Melbana’s capacity to issue equity securities.
More about Melbana Energy Limited
Average Trading Volume: 5,385,826
Technical Sentiment Signal: Sell
Current Market Cap: A$64.29M
For an in-depth examination of MAY stock, go to TipRanks’ Overview page.