New Zealand Energy (TSE:NZ) has released an update.
New Zealand Energy Corp. plans to raise up to C$1.5 million through a private placement at C$0.50 per share to fund the sidetrack of the Tariki-5 well and other projects. The offering is expected to close in multiple tranches, starting around November 12, 2024, pending regulatory approvals. Several major shareholders have expressed interest in participating.
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