Whitebark Energy Ltd (AU:WBE) has released an update.
Whitebark Energy Ltd has announced a non-renounceable entitlement issue, offering 1 new share for every 3 held at $0.012 each, with the aim of raising approximately $934,125. The offer also includes one free option per share issued and additional options for placement participants and joint lead managers. The company emphasizes the speculative nature of these securities and advises shareholders to read the prospectus thoroughly and seek professional advice.
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