Triangle Energy Completes Major Share Issuance

Triangle Energy (Global) Limited (AU:TEG) has released an update.

Triangle Energy (Global) Limited has successfully issued 266,666,667 new fully paid ordinary shares following a share placement announced previously, without needing to disclose to investors under certain parts of the Corporations Act. The company, a significant operator in the Perth Basin’s oil sector, has complied with all necessary provisions of the Corporations Act and confirms that all material information has been provided for investor assessment. This move comes as Triangle Energy continues to explore acquisition opportunities to grow its asset portfolio.

For further insights into AU:TEG stock, check out TipRanks’ Stock Analysis page.