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ADX Energy Ltd (ASX:ADX)

ALERT: Price-sensitive ASX Announcement for ADX
Current share price for ADX : $0.026 -0.006 (-18.75%)+
Announcement
Release
13 Nov 2025 9:18AM
Price at Release
$0.032
Full Release
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Summary
ADX Energy Ltd announced that it has successfully raised A$3.5 million through a placement of 134.6 million new fully paid ordinary shares at an issue price of A$0.026 per share. The placement was well-supported by sophisticated investors, including institutional investors and family offices. The funds will be used for several initiatives including the recommencement of testing the Welchau-1 well, drilling a shallow gas exploration well in Upper Austria, purchasing seismic data for the Sicily Channel gas permit offshore Italy, preparing for a dual listing on Oslo Børs’ Euronext Growth market, and for general working capital. The placement shares were issued at a discount to the last traded price, and the attaching options, exercisable at A$0.039 per share, are subject to shareholder approval.
Key Points
  • ADX Energy Ltd raises A$3.5 million in a strongly supported placement.
  • 134.6 million new fully paid ordinary shares issued at A$0.026 per share.
  • Funds to support Upper Austria and Sicily Channel operations.
  • Preparation for dual listing on Oslo Børs’ Euronext Growth market.
  • Placement includes one free-attaching unlisted option for every two shares.
  • Options are exercisable at A$0.039 and subject to shareholder approval.
  • Canaccord Genuity (Australia) Limited acted as Lead Manager.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.