OEL 8.33% 1.3¢ otto energy limited

JV partner SWE

  1. 8,895 Posts.
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    from their AR today

    " Likely developments and expected results
    In accordance with the terms of the DOCA, the Company is currently preparing a prospectus for the issue of 140,000,000 fully paid ordinary shares by means of a public offer at four cents per share to raise $5,600,000 in conjunction with completion of the acquisition of Symbol Mining Corporation Pty Ltd.
    Funds raised under the prospectus will be used to pay the costs of the Recapitalisation Proposal, repayment of debt, exploration of the Symbol Mining projects and working capital.
    Once completed, the Company will seek reinstatement to the Official List of the ASX."
 
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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