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Pilot Energy Limited ( (AU:PGY) ) just unveiled an announcement.
Pilot Energy Limited has issued $600,000 in convertible notes to sophisticated investors as part of a $1.8 million facility with Discovery Investments Pty Ltd. This move, approved by shareholders, included correcting an unintended reference in the facility agreement. The issuance of these notes underlines Pilot’s strategic financial maneuvers to support its transition towards clean energy projects, potentially impacting its market positioning and stakeholder interests.
More about Pilot Energy Limited
Pilot Energy Limited is a junior oil and gas exploration and production company focused on transitioning to carbon management projects and the production of hydrogen and clean ammonia for export to emerging APAC Clean Energy markets. The company aims to leverage its existing oil and gas operations to develop Australia’s first offshore CO2 Storage Project by converting the Cliff Head Oil field for this purpose.
Average Trading Volume: 3,310,390
Technical Sentiment Signal: Sell
Current Market Cap: A$17.27M
See more data about PGY stock on TipRanks’ Stock Analysis page.