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BPH Energy - Placement


  • Binding commitments received to raise $1 million through a Placement at $0.02 per share
  • New sophisticated investors including high net worth, family office and dedicated resource funds confirmed as participants
  • Placement participants will receive one (1) Attaching Option (BPHOB) for every two (2) New Shares subscribed for under the Placement, exercisable at $0.03 per share, expiring 30 September 2024.
  • BPH funded to execute its next phase of hydrocarbon and Cortical Dynamics funding

BPH Energy Limited (ASX: BPH) (“BPH” or “Company”) is pleased to announce that it has received binding commitments to raise $1 million (before costs) (“Placement”). The Placement will comprise the issue of 50,000,000 new fully paid ordinary shares (“Placement Shares”) in the Company at an issue price of $0.02 per share.

For more information, download the attached PDF.

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