Elixir Energy Limited (AU:EXR) has released an update.
Elixir Energy Limited successfully secured $6.25 million through an over-subscribed share placement to advance the Grandis Project, including the critical Daydream-2 well operations. The funds will also contribute to preparing for subsequent stages of the project and strengthen the company’s position in upcoming farm-out negotiations. Shares were offered at a discount, with listed options provided, indicating robust investor confidence and introducing new institutional shareholders.
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