Pilot Energy Ltd (ASX: PGY) announced it had secured a remarkable AU$ 3.855 million in binding commitments for a single tranche placement of 214,183,248 new fully paid ordinary shares at AU$ 0.018 per share. This incredible response from sophisticated, professional, and institutional investors reflects their confidence in the Company's vision and potential. The overwhelming demand for the Placement, which was oversubscribed, is a testament to the promising future it is building.
This milestone is a significant achievement for the Company and a promising development for its shareholders. With this capital raise and the impending sale of the Three Springs Solar Project, the Company is poised to advance the Cliff Head Carbon Storage Project and the Mid-West Clean Energy Project. The swift progress in finalizing arrangements with the Korean Consortium to take both projects into FEED demonstrates its commitment to driving sustainable clean energy initiatives.
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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.
