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Xstate Resources Limited ( (AU:XST) ) has issued an update.
Xstate Resources Limited has opened a capital raising initiative through a re-compliance prospectus, inviting existing shareholders to participate in a priority offer. The company aims to raise between $2 million and $3 million by issuing shares at $0.02 each, with the funds supporting the acquisition of the Diona project and other strategic initiatives. The capital raising is managed by PAC Partners Securities and BW Equities, with a shareholder meeting scheduled for July 28, 2025, to approve necessary transactions.
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
Learn more about XST stock on TipRanks’ Stock Analysis page.