InvestSMART

AXP Energy Limited (ASX:AXP)

ALERT: Price-sensitive ASX Announcement for AXP
Current share price for AXP : $0.004 -0.01 (-71.43%)+
Announcement
Release
9 Mar 2026 1:18PM
Price at Release
$0.014
Full Release
download
Summary
AXP Energy Limited announced a successful capital raising of A$946,000 through a placement to sophisticated and professional investors. The funds are intended to advance the development of the company’s Oklahoma oil project and to strengthen its working capital position. The placement involves the issuance of 78,833,332 new fully paid ordinary shares at an issue price of A$0.012 per share, which represents a discount to the last closing price and the 15-day volume-weighted average price. The placement shares will be issued under the company’s existing placement capacity in accordance with ASX Listing Rules.
Key Points
  • A$946,000 capital raising secured from sophisticated and professional investors.
  • Issue price of A$0.012 per share.
  • Funds to advance Oklahoma oil project and assess new lease/farm-in opportunities.
  • Strengthens the company's balance sheet and working capital.
  • Placement involves 78,833,332 new fully paid ordinary shares.
  • Discount of 7.7% to the last closing price and 6.24% to the 15-day VWAP.
  • Placement shares to be issued under ASX Listing Rules 7.1 and 7.1A.
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.