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White Energy Director Increases Stake Through Rights Issue

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White Energy Director Increases Stake Through Rights Issue

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The latest announcement is out from White Energy Company Limited ( (AU:WEC) ).

White Energy Company Limited announced a change in the director’s interest, with Gregory Keith Whitehouse acquiring an additional 150,000 ordinary shares through a rights issue entitlement allotment. This acquisition increases his total holding to 1,794,783 ordinary shares, reflecting a strategic move to strengthen his stake in the company. The announcement signifies a potential vote of confidence in the company’s future prospects and could influence stakeholder perceptions positively.

More about White Energy Company Limited

White Energy Company Limited operates in the energy sector, focusing on the development and commercialization of coal technology solutions. The company is involved in producing cleaner coal through its proprietary technology, aiming to enhance energy efficiency and reduce emissions.

YTD Price Performance: 430.0%

Average Trading Volume: 982

Technical Sentiment Signal: Hold

Current Market Cap: $3.88M

Learn more about WEC stock on TipRanks’ Stock Analysis page.

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