Energy Action Limited (AU:EAX) has released an update.
Energy Action Limited is pleased with the uptake of its recent entitlement offer, which raised over half a million dollars, demonstrating shareholder confidence in the company’s strategic direction. Despite not reaching the full target, the initiative will help reduce debt and is seen as a step towards sustained growth and innovation in services. New shares from the under-subscribed offer will be placed with the underwriters and are set to commence trading mid-May.
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