Strategic Energy Resources' Share Purchase Plan Attracts Strong Shareholder Support
Strategic Energy Resources Limited (ASX: SER) has successfully completed its Share Purchase Plan (SPP), demonstrating robust backing from existing shareholders. Originally targeting approximately AU$250,000, the offer attracted applications worth around AU$579,000, prompting the company to accept oversubscriptions beyond its initial goal. However, due to placement capacity limits, the company implemented a pro-rata scale-back, with accepted applications totalling about AU$465,000 while approximately AU$114,000 will be refunded. Around 3.8 million new fully paid ordinary shares will be issued at AU$0.12 per share.
The successful completion of the SPP means there was no shortfall under the offer, eliminating the need to issue securities to the underwriter. Management acknowledged shareholders for their continued confidence in the company as it advances exploration across its Queensland-focused portfolio, including the wholly owned Diamantina Copper-Gold Project and joint venture projects at Bulimba and Canobie.
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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Strategic Energy Resources' Share Purchase Plan Attracts Strong Shareholder Support
Strategic Energy Resources Limited (ASX: SER) has successfully completed its Share Purchase Plan (SPP), demonstrating robust backing from existing shareholders. Originally targeting approximately AU$250,000, the offer attracted applications worth around AU$579,000, prompting the company to accept oversubscriptions beyond its initial goal. However, due to placement capacity limits, the company implemented a pro-rata scale-back, with accepted applications totalling about AU$465,000 while approximately AU$114,000 will be refunded. Around 3.8 million new fully paid ordinary shares will be issued at AU$0.12 per share.
The successful completion of the SPP means there was no shortfall under the offer, eliminating the need to issue securities to the underwriter. Management acknowledged shareholders for their continued confidence in the company as it advances exploration across its Queensland-focused portfolio, including the wholly owned Diamantina Copper-Gold Project and joint venture projects at Bulimba and Canobie.
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