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Xstate Resources Limited ( (AU:XST) ) just unveiled an announcement.
Xstate Resources Limited has announced an extension of its prospectus offer period to 21 August 2025, as part of its efforts to meet ASX re-admission conditions, including raising a minimum of $2 million from at least 300 new applications. The company aims to complete the offer and acquire 51% of ATP 2077 by 28 August 2025, with plans for re-instatement to trading on the ASX by 9 September 2025. This move is significant for Xstate’s operational expansion and market positioning, potentially impacting existing shareholders and prospective applicants.
More about Xstate Resources Limited
Xstate Resources Limited (ASX:XST) is an ASX-listed company focused on the oil and gas sector, with exploration assets located in California, USA. Recently, the company expanded its portfolio by acquiring the Diona project in the Surat Bowen basin of South-West Queensland.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.89M
Learn more about XST stock on TipRanks’ Stock Analysis page.