Resources & Energy Group Limited (AU:REZ) has released an update.
Resources & Energy Group Limited has announced a new securities issuance, proposing to issue a maximum of 132,333,333 ordinary fully paid shares and 31,083,333 options with an exercise price of 4 cents each, expiring 3 years from the date of issue. The proposed issue date is set for 9th May 2024. This move is set to potentially expand the company’s financial capabilities and offer investors a new opportunity to engage with the company’s growth.
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