Finder Energy Holdings Limited (AU:FDR) has released an update.
Finder Energy Holdings Limited has launched an open entitlement offer to raise approximately $6 million by offering new shares to eligible shareholders at a discounted rate. The funds are aimed at supporting the acquisition of a 76% interest in a significant production sharing contract and the company’s subsequent operational role. Shareholders have the option to subscribe to the offer, apply for additional shares, or let their entitlement lapse, potentially diluting their stake in the company.
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