Pilot Energy Secures Funding to Support Cliff Head Operations and Corporate Initiatives
Pilot Energy Ltd (ASX: PGY) has received firm commitments to raise AU$3.44 million through a strongly supported two-tranche placement to sophisticated, professional, and institutional investors. The placement was completed at an issue price of AU$0.0036 per share, representing a 10 percent discount to the last closing price, with demand exceeding the amount sought. Proceeds from the capital raising are expected to support corporate activity associated with the Cliff Head operations, advancement of the Capture 6 Direct Air Capture project, and general corporate costs and working capital. The strengthened funding position provides Pilot Energy with increased financial flexibility as it progresses multiple strategic 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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Pilot Energy Secures Funding to Support Cliff Head Operations and Corporate Initiatives
Pilot Energy Ltd (ASX: PGY) has received firm commitments to raise AU$3.44 million through a strongly supported two-tranche placement to sophisticated, professional, and institutional investors. The placement was completed at an issue price of AU$0.0036 per share, representing a 10 percent discount to the last closing price, with demand exceeding the amount sought. Proceeds from the capital raising are expected to support corporate activity associated with the Cliff Head operations, advancement of the Capture 6 Direct Air Capture project, and general corporate costs and working capital. The strengthened funding position provides Pilot Energy with increased financial flexibility as it progresses multiple strategic 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