Brookside Energy (AU:BRK) has released an update.
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Brookside Energy Limited announced plans to list on the NYSE American exchange via American Depositary Shares and to undergo a capital consolidation, subject to shareholder approval. The consolidation will streamline the company’s share structure with a 1-for-50 ratio, aimed at making the stock more attractive to international investors and supporting the company’s growth in the US market. These strategic steps are designed to enhance Brookside’s visibility in the US and provide better access to a broader investor base, with further details to be shared after regulatory approvals.
For further insights into AU:BRK stock, check out TipRanks’ Stock Analysis page.
