Emperor Energy Ltd (AU:EMP) has released an update.
Emperor Energy Limited is launching a Share Purchase Plan (SPP) allowing eligible shareholders to buy new shares at a significant discount, aiming to raise funds for the exploration and development of its assets, including a prominent gas project in the Gippsland Basin and a prospective gold mining operation in Queensland. The SPP, priced at $0.011 per share, offers these shares at a 27% discount from the last closing price on the ASX and does not involve any transaction or brokerage fees. The raised capital will support the company’s strategic goals, including the recently extended VIC/P47 permit, and their entry into gold mining, with the potential for near-term revenue generation.
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