New Zealand Energy (TSE:NZ) has released an update.
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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.
For further insights into TSE:NZ stock, check out TipRanks’ Stock Analysis page.