Hydrocarbon Dynamics Launches Entitlement Offer to Raise Capital

Hydrocarbon Dynamics (AU:HCD) has released an update.

Hydrocarbon Dynamics is offering a non-renounceable entitlement issue, allowing eligible shareholders to purchase one new share for every three existing shares at 0.3 cents each, aiming to raise about $800,000. Participants will also receive one free unlisted option for every two new shares purchased. The funds raised will support the company’s working capital and exploration of new investment opportunities.

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