Gaffwick Pty Ltd Boosts Stake in White Energy

White Energy Company Limited (AU:WEC) has released an update.

White Energy Company Limited has seen a significant shift in share ownership, with Gaffwick Pty Ltd doubling their voting power from 37.39% to 42.55% due to a rights issue entitlement allotment. The substantial increase in Gaffwick’s stake, which now stands at 84,666,152 ordinary shares, came at a cost of over $1.6 million and took place on the 5th of June, 2024.

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