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White Energy Company Limited ( (AU:WEC) ) has provided an announcement.
White Energy Company Limited has announced an unsecured loan agreement with one of its directors, who is also a substantial shareholder, to provide up to $250,000 for general working capital needs. This financial arrangement is intended to support the company until the completion of its upcoming capital raising initiative. The loan, provided by Managing Director Brian Flannery’s private company Ilwella Pty Ltd, includes terms such as a 0.8% monthly interest rate and a repayment period of up to one year. This move is expected to provide White Energy with the necessary liquidity to maintain its operations and strategic initiatives, potentially strengthening its position in the energy market.
The most recent analyst rating on (AU:WEC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on White Energy Company Limited stock, see the AU:WEC Stock Forecast page.
More about White Energy Company Limited
White Energy Company Limited operates in the energy sector, focusing on the development and commercialization of clean coal technologies. The company is involved in producing cleaner coal products and enhancing the efficiency of coal usage, targeting both domestic and international markets.
Average Trading Volume: 60,913
Technical Sentiment Signal: Sell
Current Market Cap: A$9.35M
For detailed information about WEC stock, go to TipRanks’ Stock Analysis page.