Prominence Energy Secures AU$1.56 Million to Boost Gawler Project.
Prominence Energy Ltd (ASX: PRM) has successfully obtained AU$1.56 million through a capital raise backed by both existing and new sophisticated investors. The fundraising involves issuing more than 709 million shares at AU$0.0022 per share, along with additional options, and will be completed in two stages, with the second tranche pending shareholder approval. Company directors are also contributing AU$60,000 as part of the raising. The proceeds will be directed toward advancing the Gawler Helium and Hydrogen Project, focusing on securing licences, conducting advanced geophysical surveys, and refining exploration targets. A portion of the funds will also support ongoing assessment of current assets and general operational expenses. The pricing reflects a discount to recent market levels, highlighting investor participation. Overall, the funding strengthens the company’s financial base and supports further progress in its helium and clean energy 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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Prominence Energy Secures AU$1.56 Million to Boost Gawler Project.
Prominence Energy Ltd (ASX: PRM) has successfully obtained AU$1.56 million through a capital raise backed by both existing and new sophisticated investors. The fundraising involves issuing more than 709 million shares at AU$0.0022 per share, along with additional options, and will be completed in two stages, with the second tranche pending shareholder approval. Company directors are also contributing AU$60,000 as part of the raising. The proceeds will be directed toward advancing the Gawler Helium and Hydrogen Project, focusing on securing licences, conducting advanced geophysical surveys, and refining exploration targets. A portion of the funds will also support ongoing assessment of current assets and general operational expenses. The pricing reflects a discount to recent market levels, highlighting investor participation. Overall, the funding strengthens the company’s financial base and supports further progress in its helium and clean energy 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