GAS state gas limited
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News: GAS State Gas Announces ST Baker Group Strategic Investment And Associated Placement

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    10/10/22
    12:35
    Post #: 64117402

    Oct 10 (Reuters) - State Gas Ltd (GAS) :

    • ST BAKER GROUP STRATEGIC INVESTMENT AND ASSOCIATED PLACEMENT
    • UNDER PLACEMENT, A$7 MILLION IN NEW EQUITY WILL BE ISSUED AT A PRICE OF A$0.28 PER SHARE
    • PLACEMENT WILL RESULT IN ISSUE OF 25 MILLION NEW ORDINARY SHARES IN STATE GAS
    • NET PROCEEDS OF STRATEGIC INVESTMENT AND EQUITY RAISING WILL BE USED TO CONTINUE HORIZONTAL WELL DRILLING, AMONG OTHER THINGS

    (([email protected];))

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