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Winchester Energy Ltd ( (AU:WEL) ) has issued an update.
Winchester Energy Limited has successfully secured $300,000 through a placement of 300,000,000 shares at $0.001 each to institutional and sophisticated investors. The funds raised will be used for evaluating new growth opportunities and covering working capital and corporate costs. The placement, managed by CPS Capital Group Pty Ltd, will be issued in two tranches, with participation from the company’s CEO and a former director subject to shareholder approval.
More about Winchester Energy Ltd
Winchester Energy Limited operates in the energy sector, focusing on exploration and development of oil and gas resources. The company is listed on the Australian Securities Exchange under the ticker WEL.
Current Market Cap: A$2.73M
See more data about WEL stock on TipRanks’ Stock Analysis page.