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The latest announcement is out from Whitebark Energy Ltd ( (AU:WBE) ).
Whitebark Energy Ltd has announced an update regarding its capital raising efforts, where it successfully secured commitments to raise $2 million through the issuance of 307,692,309 shares at $0.0065 per share. The capital raised will fund exploration activities and includes a debt conversion and a participation from the company’s chairman, Mark Lindh. Additionally, Whitebark has appointed Peak Asset Management and Adelaide Equity Partners as joint lead managers, who will receive options and a facilitation fee upon shareholder approval. A general meeting is scheduled for March 2025 to approve related items of the placement, which aims to adjust Whitebark’s capital structure and enhance its financial position.
More about Whitebark Energy Ltd
Whitebark Energy Ltd is a company operating in the energy sector, focusing on exploration activities and investment in energy resources. The company is engaged in the acquisition and development of energy projects and assets, enhancing its market position through strategic capital raisings.
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.
