Buru Energy Plans General Meeting Amid Strategic Funding Moves

Buru Energy Limited (AU:BRU) has released an update.

Buru Energy Limited has announced a General Meeting for November 21, following a successful $6.7 million share placement to address funding needs after terminating agreements with Sabre Energy. The funds will support the drilling of the Rafael Shallow 1 well and the restart of the Ungani Field oil production, highlighting the company’s adaptive strategy in securing alternative financing. Shareholders are invited to vote on resolutions, including approval for directors to participate in the share placement.

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