Provaris Energy Secures Funds for Hydrogen Projects
Company Announcements

Provaris Energy Secures Funds for Hydrogen Projects

Provaris Energy Ltd (AU:PV1) has released an update.

Provaris Energy Ltd has entered a partially secured $3 million Convertible Bond Facility with Macquarie Bank, offering immediate cash reserves and future funding for its hydrogen development plans. The company is set to issue $500,000 worth of bonds and 4 million call options to Macquarie, with $200,000 immediately available for use. Additionally, Provaris has launched a Share Purchase Plan to raise up to $2 million, underwritten by shareholders for $1 million, offering bonus options to participating shareholders.

For further insights into AU:PV1 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskProvaris Energy Announces Virtual AGM for Hydrogen Future
TipRanks Australian Auto-Generated NewsdeskProvaris Energy Lists New Securities on ASX
TipRanks Australian Auto-Generated NewsdeskProvaris Energy Issues New Shares on ASX
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App