tiprankstipranks
Whitebark Energy Advances with Capital Raise
Company Announcements

Whitebark Energy Advances with Capital Raise

Whitebark Energy Ltd (AU:WBE) has released an update.

Don't Miss our Black Friday Offers:

Whitebark Energy Ltd has successfully completed a $500,000 share placement with sophisticated and institutional investors, and is set to offer an additional $1M in an upcoming non-renounceable Entitlement Offer to existing shareholders. The funds raised are aimed at accelerating the commercialization of the company’s Australian Geothermal assets and Geothermal to Hydrogen Production. Furthermore, the company clarified that convertible note terms will be adjusted in line with the latest capital raising efforts, potentially affecting the number of shares convertible note holders receive.

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

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App