Triangle Energy Announces Expiry of Quoted Options

Triangle Energy (Global) Limited ( (AU:TEG) ) has issued an announcement.

Triangle Energy (Global) Limited has announced the upcoming expiry of its quoted options, ASX:TEGO, with a total of 642,242,956 options available for exercise at a price of $0.025 each. The options will lapse if not exercised by 5.00pm on 30 June 2025. The company’s shares have recently traded between $0.002 and $0.005, and no underwriting arrangements have been made for the exercise price. This announcement is significant for stakeholders as it provides an opportunity to convert options into shares, potentially impacting the company’s share capital and market positioning.

More about Triangle Energy (Global) Limited

Triangle Energy (Global) Ltd is an ASX-listed oil producer and explorer based in Perth, Western Australia. The company holds a 78.75% interest in the Cliff Head Oil Field, operates the Arrowsmith Stabilisation Plant, and has stakes in several other exploration and production licenses in both Australia and the UK. Triangle Energy is actively seeking to expand its portfolio of assets.

Technical Sentiment Signal: Sell

Current Market Cap: A$6.27M

Find detailed analytics on TEG stock on TipRanks’ Stock Analysis page.