AXP Energy Limited ( (AU:AXP) ) has issued an announcement.
AXP Energy Limited has issued 750,000,002 fully paid ordinary shares at $0.0015 each, raising a total of $1,125,000. This move, conducted without disclosure to investors under specific provisions of the Corporations Act, reflects a strategic capital restructuring aimed at supporting the company’s ongoing operations and growth initiatives in the oil and gas sector. The company’s compliance with the necessary legal provisions ensures transparency and adherence to regulatory requirements, potentially strengthening its market position and offering reassurance to stakeholders.
More about AXP Energy Limited
AXP Energy Limited is an oil and gas production and development company with core operations in Colorado. The company focuses on repurposing stranded gas at its 100%-owned Pathfinder Field for power generation, aiming to sell this power to data centre operators and owners involved in high-performance computing, including AI and rendering. AXP Energy has secured its first customer, Blackhart Technologies LLC, and operates 24 oil and gas wells at the Pathfinder Field.
Current Market Cap: $5.49M
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