Elixir Energy Secures $7 Million in Share Placement, Launches SPP

Elixir Energy Limited ( (AU:EXR) ) has issued an announcement.

Elixir Energy Limited has announced a successful placement of 199.5 million shares to raise $7 million, with additional options issued to investors. The company is also offering an SPP to eligible shareholders to raise up to $2 million, with funds primarily allocated for drilling an appraisal well in ATP 2056. This strategic move aims to bolster the company’s operational capabilities and enhance its market position in the energy sector.

More about Elixir Energy Limited

Elixir Energy Limited is an energy company listed on the Australian Securities Exchange (ASX: EXR). The company is involved in the exploration and development of energy resources, with a focus on drilling and appraisal activities.

Average Trading Volume: 100

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $26.35M

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