Capital Raising and Investment Update
The Directors of BPH Energy Limited (formerly BPH Corporate) (“BPH” or the “Company”) wish to advise that the Company has successfully raised $11,514,920 before costs.
In accordance with the objectives of the Prospectus, BPH wishes to advise it has now agreed to acquire a further 11,520,000 shares in Advent Energy Limited (Advent) at a price of A$1.25 per share. This transaction increases the percentage of Advent held by BPH to 27.42%.
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