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State Gas Ltd. ( (AU:GAS) ) has provided an update.
State Gas Limited has called a general meeting of shareholders for 21 January 2026 in Brisbane to vote on several capital-raising and incentive-related resolutions. The board is seeking shareholder approval to issue up to 200 convertible notes and 83,333,400 attaching options to investors, as well as up to 9,600,000 options to lead manager Ignite Equity Pty Ltd, and a specific package of 13 convertible notes and 5,416,671 attaching options to related party director Philip St Baker, moves that would provide additional funding and align stakeholders through equity-linked securities while diluting existing holders if approved.
The most recent analyst rating on (AU:GAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on State Gas Ltd. stock, see the AU:GAS Stock Forecast page.
More about State Gas Ltd.
State Gas Limited is an Australian listed company in the energy sector, focused on gas exploration and development. Its activities centre on advancing gas projects and securing funding and approvals necessary to support its operations and growth within the domestic energy market.
Average Trading Volume: 923,321
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.82M
For an in-depth examination of GAS stock, go to TipRanks’ Overview page.