Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

BPH Energy Ltd Raises $2.25 Million to Accelerate Funding of Hydrocarbon and Cortical Investments

by February 9, 2024
February 9, 2024
BPH Energy Ltd Raises $2.25 Million to Accelerate Funding of Hydrocarbon and Cortical Investments

BPH Energy Limited (ASX: BPH) (“BPH” or “Company”) is pleased to announce that it has received binding commitments to raise $2.25 million (before costs) (“Placement”). The Placement will comprise the issue of 68,183,943 new fully paid ordinary shares (“Placement Shares”) in the Company at an issue price of $0.033 per share.

HIGHLIGHTS:Binding commitments received to raise $2.25 million through a Placement at $0.033 per shareNew sophisticated investors including high net worth, family office and dedicated resource funds confirmed as participantsPlacement participants will receive one (1) Attaching Option (BPHOB) for every two (2) New Shares subscribed for under the Placement, exercisable at $0.03 per share, expiring 30 September 2024.BPH funded to execute its next phase of hydrocarbon and Cortical Dynamics funding

Placement participants will receive one (1) free Attaching Option (BPHOB) for every two (2) Placement Shares subscribed for under the Placement, exercisable at $0.03 each with an expiry date of 30 September 2024 (“Attaching Options”).

Oakley Capital Partners Pty Limited (“Oakley Capital”), Everblu Capital Corporate Pty Ltd (“Everblu”), and 62 Capital Limited (“62 Capital”) acted as joint Lead Managers for the Placement. Oakley Capital, EverBlu and 62 Capital will be paid a cash fee of 5% on funds raised under the Placement and 8,250,000 BHPOB Broker Options (“Broker Options”) pro-rata to their participation in the Placement.

The Placement (including the free Attaching Options and Broker Options) will be undertaken pursuant to the Company’s existing placement capacity under ASX Listing Rule 7.1 and subsequent to the issue of a Prospectus in compliance with the Corporations Act.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Morrissey Hill Phase 2 Drilling Results
next post
Joe Cavatoni: What’s Next for Gold After 2023’s Record Total Demand?

Related Posts

WPIC: 2024 Platinum Deficit Revised Upward to 476,000...

May 15, 2024

Canadian North Resources Receives Total Proceeds of $9,186,597...

January 17, 2024

Trump Invokes Wartime Powers to Boost US Critical...

March 25, 2025

Nuclear Fuels Announces $5 Million Bought Deal Private...

January 4, 2024

Large-Scale Magnetite Iron Opportunities Identified at Whaleshark

December 19, 2023

Blue Sky Uranium Acquires New Projects in Argentina

June 24, 2024

SAGA Metals Begins Mobilization Efforts for Maiden Drill...

January 7, 2025

David Erfle: Gold’s 2024 Price Potential, How Silver...

May 7, 2024

Start Here – Investing in Biotech

January 30, 2024

From the Bronze Age to the Green Revolution:...

April 24, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,030)
    • Investing (2,048)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,349)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved