Bounty Secures AU$4.5 million Placement to Advance Growth Projects
Bounty Oil & Gas NL (ASX: BUY) has received firm commitments from sophisticated and professional investors to raise approximately AU$4.5 million through a placement priced at AU$0.0051 per share, with the offer attracting strong demand and being oversubscribed. The company plans to raise an additional AU$500,000 through a second tranche, subject to shareholder approval. As part of the offer, subscribers will receive a complimentary option for every two shares allotted, enabling them to acquire additional shares at AU$0.01 per option within a four-year exercise period.
Funds raised will support Bounty’s oil and gas development strategy, including appraisal and development drilling across its Queensland assets, upgrades at the Alton Field, remediation and production enhancement activities in Western Australia, continued participation in offshore exploration programs, and assessment of new petroleum opportunities. The capital will also strengthen working capital resources.
The placement will be completed in two tranches, with settlement of the first tranche scheduled for 2 June 2026 and quotation of shares expected on 3 June 2026, positioning the company to advance key operational and exploration initiatives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Bounty Secures AU$4.5 million Placement to Advance Growth Projects
Bounty Oil & Gas NL (ASX: BUY) has received firm commitments from sophisticated and professional investors to raise approximately AU$4.5 million through a placement priced at AU$0.0051 per share, with the offer attracting strong demand and being oversubscribed. The company plans to raise an additional AU$500,000 through a second tranche, subject to shareholder approval. As part of the offer, subscribers will receive a complimentary option for every two shares allotted, enabling them to acquire additional shares at AU$0.01 per option within a four-year exercise period.
Funds raised will support Bounty’s oil and gas development strategy, including appraisal and development drilling across its Queensland assets, upgrades at the Alton Field, remediation and production enhancement activities in Western Australia, continued participation in offshore exploration programs, and assessment of new petroleum opportunities. The capital will also strengthen working capital resources.
The placement will be completed in two tranches, with settlement of the first tranche scheduled for 2 June 2026 and quotation of shares expected on 3 June 2026, positioning the company to advance key operational and exploration initiatives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au