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Xstate Resources Limited ( (AU:XST) ) just unveiled an announcement.
Xstate Resources Limited has successfully raised over $2.0 million through its Re-compliance Prospectus offer, surpassing the minimum subscription requirement with the help of Joint Lead Managers. This achievement positions the company to meet the ASX’s conditions for reinstating its shares to trading. The company plans to complete the offer and acquire 51% of ATP 2077 by late August, with an anticipated reinstatement to trading by early September. If the shares are not reinstated by September 26, 2025, the company will return the funds received under the offer.
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: Strong Sell
Current Market Cap: A$2.89M
Find detailed analytics on XST stock on TipRanks’ Stock Analysis page.