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Whitebark Energy Ltd ( (AU:WBE) ) has provided an update.
Whitebark Energy Ltd has announced the issuance of 55,875,693 fully paid ordinary shares at $0.0065 each to sophisticated and professional investors via a placement. The issuance was executed without disclosure under specified sections of the Corporations Act 2001, and the company has complied with relevant provisions as of the notice date. This move is part of Whitebark’s efforts to raise capital, potentially enhancing its financial standing and operations.
More about Whitebark Energy Ltd
Whitebark Energy Ltd is a company operating in the energy sector, focusing on exploration and production activities. The company is involved in the development of energy resources to cater to market demands.
Average Trading Volume: 600,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.77M
Find detailed analytics on WBE stock on TipRanks’ Stock Analysis page.