White Energy Company Limited (AU:WEC) has released an update.
White Energy Company Limited has announced a new proposed issue of securities, intending to issue a maximum of 113,235,335 ordinary fully paid shares. This issue, which could be either renounceable or non-renounceable, will have its record date on May 8, 2024, and is slated for issue on June 5, 2024. The announcement indicates a strategic move to increase the company’s capital, potentially interesting to investors tracking stock offerings and company expansions.
For further insights into AU:WEC stock, check out TipRanks’ Stock Analysis page.
