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Xstate Resources Limited ( (AU:XST) ) just unveiled an announcement.
Xstate Resources Limited has appointed PAC Partners Securities Pty Ltd and BW Equities Pty Ltd as Joint Lead Managers for its upcoming Public Offer, which aims to raise between $2 million and $3 million. This capital raising is part of Xstate’s strategy to re-comply with ASX Listing Rules and resume trading, with shareholder approval required for a capital consolidation and acquisition of the Diona project.
More about Xstate Resources Limited
Xstate Resources Limited is an ASX-listed company operating in the oil and gas sector. The company holds exploration assets in Queensland, Australia, and the Sacramento Basin, California.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.89M
Find detailed analytics on XST stock on TipRanks’ Stock Analysis page.