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AXP Energy Limited (ASX:AXP)

ALERT: Price-sensitive ASX Announcement for AXP
Current share price for AXP : $0.006 -0.007 (-53.85%)+
Announcement
Release
9 Mar 2026 10:00AM
Price at Release
$0.013
Full Release
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Summary
AXP Energy Limited announced a successful $800,000 capital raising through the issuance of 66,666,667 new shares priced at A$0.012 each. The funds raised will be directed towards advancing the company's Oklahoma oil project and assessing new lease and farm-in opportunities, thus strengthening the company's financial position. The placement was well-received, with participation from both existing shareholders and new investors, despite the shares being issued at a slight discount to recent trading prices.
Key Points
  • AXP Energy Limited announced a successful $800,000 capital raising.
  • The placement involved issuing 66,666,667 new shares at A$0.012 per share.
  • The funds will be used to develop the Oklahoma oil project and explore new opportunities.
  • The placement was supported by existing and new investors.
  • The placement price was at a discount to the last closing price and the 15-day volume weighted average price.
  • The new shares will rank equally with existing ordinary shares.
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.