Pilot Energy Secures AU$25 Million Institutional Equity Subscription Facility
Pilot Energy Limited (ASX: PGY) has secured an AU$25 million equity subscription facility with LDA Capital, a US-based institutional investment group. The flexible facility allows Pilot to draw up to AU$25 million by exercising put options over the next three years, offering financial flexibility to fast-track key projects, including the Cliff Head Carbon Storage Project and recently expanded data centre projects with Kala Data.
The agreement includes a 2% facility fee totaling AU$500,000, payable within 12 months. In addition, Pilot will issue 7,386,062 options to LDA Capital to subscribe for shares at an exercise price of AU$0.09 per share, with a pricing reset at the 6-month anniversary. The facility’s terms and pricing structure support Pilot’s commitment to low-cost project development, reducing funding risk and enhancing the company’s capital position.
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
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Pilot Energy Secures AU$25 Million Institutional Equity Subscription Facility
Pilot Energy Limited (ASX: PGY) has secured an AU$25 million equity subscription facility with LDA Capital, a US-based institutional investment group. The flexible facility allows Pilot to draw up to AU$25 million by exercising put options over the next three years, offering financial flexibility to fast-track key projects, including the Cliff Head Carbon Storage Project and recently expanded data centre projects with Kala Data.
The agreement includes a 2% facility fee totaling AU$500,000, payable within 12 months. In addition, Pilot will issue 7,386,062 options to LDA Capital to subscribe for shares at an exercise price of AU$0.09 per share, with a pricing reset at the 6-month anniversary. The facility’s terms and pricing structure support Pilot’s commitment to low-cost project development, reducing funding risk and enhancing the company’s capital position.
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