Propell Holdings Issues New Share Options

Propell Holdings Ltd. (AU:PHL) has released an update.

Propell Holdings Limited has announced the issue of 7.6 million options to subscribe for ordinary class shares at an exercise price of $0.025, set to expire on April 8, 2027. These options are part of a transaction previously disclosed in an Appendix 3B and are unquoted, meaning they won’t be traded on the ASX. The move represents a strategic effort by the company to raise capital through equity without diluting current stock value immediately.

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