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EPI (Holdings) Limited ( (HK:0689) ) has provided an announcement.
EPI (Holdings) Limited has announced amendments to its placing agreement for new shares under a general mandate, extending the Long Stop Date to 5 February 2025. The company plans to utilize the net proceeds of approximately HK$17,272,000 for drilling new wells in Canada, general working capital, and potential investment opportunities. This strategic move is aimed at fostering future growth and maintaining a high level of cash for the development of its oil exploration and production business, especially within its Canadian oil assets.
More about EPI (Holdings) Limited
YTD Price Performance: 0%
Average Trading Volume: 6,978,449
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$115.3M
Find detailed analytics on 0689 stock on TipRanks’ Stock Analysis page.
