State Gas Ltd. (AU:GAS) has released an update.
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State Gas Limited has successfully raised $5 million through an institutional entitlement offer and placement, issuing millions of new shares and options, with trading of these shares set to commence on the ASX on August 9, 2024. The company is making strides in gas exploration and development in the Bowen Basin, with plans to expedite commercialization of its assets and engage in a carbon capture initiative.
For further insights into AU:GAS stock, check out TipRanks’ Stock Analysis page.