Mosman Oil and Gas (GB:MSMN) has released an update.
Mosman Oil and Gas Limited has announced the exercise of warrants for 100 million new Ordinary Shares, at 0.025 pence each, bolstering the company’s cash reserves by approximately AUD $49,000. These shares will soon be trading on the AIM market, with the total number of voting rights in the company reaching over 15 billion post-admission. The move is part of Mosman’s strategy to enhance operating cash flow and develop exploration opportunities in the US and Australia.
For further insights into GB:MSMN stock, check out TipRanks’ Stock Analysis page.
