Bass Oil Ltd (AU:BAS) has released an update.
Bass Oil Limited invites shareholders to participate in their Share Purchase Plan (SPP), allowing them to buy new shares at a discounted price of A$0.07 each, aiming to raise up to A$2 million for growth initiatives and general working capital. The SPP, opening on April 23, 2024, offers parcels up to A$30,000 without brokerage fees to eligible shareholders and will close on May 10, 2024. The funds are earmarked for projects in the Cooper Basin and other high-value oil development opportunities.
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