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BPH Energy Ltd (ASX:BPH)

ALERT: Price-sensitive ASX Announcement for BPH
Current share price for BPH : $0.003 -0.008 (-72.73%)+
Announcement
Release
12 Jan 2026 10:04AM
Price at Release
$0.011
Full Release
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Summary
BPH Energy Limited has announced a capital raise of approximately $1.2 million through a placement of new ordinary shares at $0.009 per share, which represents a discount to recent trading prices. This capital raise is supported by both new and existing sophisticated investors. Participants in the placement will receive one attaching option for each share, which can be exercised at $0.03 each. The raised funds will be used to advance BPH's hydrocarbon exploration projects and support Cortical Dynamics Limited's expansion. The company is also preparing for a Federal Court hearing regarding the PEP-11 judicial review, scheduled for February 2026.
Key Points
  • BPH Energy raises $1.2 million through a share placement at $0.009 per share.
  • Participants receive one attaching option per share, exercisable at $0.03.
  • Funds to accelerate hydrocarbon projects and support Cortical Dynamics.
  • Federal Court hearing for PEP-11 permit scheduled for February 2026.
  • Placement managed by Oakley Capital Partners and 62 Capital Limited.
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.