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State Gas Ltd. ( (AU:GAS) ) has issued an update.
State Gas Limited has issued 250,000 fully paid ordinary shares to an unrelated party as part consideration for short-term working capital funding provided during the previous financial year. This issuance was made without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has complied with the relevant provisions of the Corporations Act. This move is likely to impact the company’s financial flexibility and operational capacity, potentially influencing its market positioning and stakeholder interests.
More about State Gas Ltd.
State Gas Limited operates in the energy sector, focusing on the exploration and development of gas resources. The company is engaged in providing natural gas solutions and is listed on the Australian Securities Exchange under the code GAS.
Average Trading Volume: 270,796
Technical Sentiment Signal: Sell
Current Market Cap: A$9.03M
Find detailed analytics on GAS stock on TipRanks’ Stock Analysis page.