Pilot Energy Limited (AU:PGY) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Pilot Energy Limited has requested an extension of its voluntary suspension from trading on the ASX until February 3, 2025, or until it announces a capital raising. The company is finalizing funding arrangements, including a Convertible Note valued at $1.8 million, to support its acquisition of the Cliff Head project and its transition into a carbon storage operation. Discussions with a major capital provider are ongoing to solidify a capitalisation package for this venture.
For further insights into AU:PGY stock, check out TipRanks’ Stock Analysis page.