Bass Oil Ltd (AU:BAS) has released an update.
Bass Oil Ltd has announced a new securities issuance, proposing the release of over 28 million securities under a securities purchase plan and approximately 15.7 million through a placement or other issue. The offering under the securities purchase plan will close on May 10, 2024, with an issue date set for May 17, while the placement is scheduled for issue on April 26, 2024. This strategic move aims to bolster the company’s capital and growth potential, capturing the interest of investors in the financial market.
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