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Pilot Energy Limited (ASX:PGY)

ALERT: Price-sensitive ASX Announcement for PGY
Current share price for PGY : $0.054 0.05 (1,250%)+
Announcement
Release
6 Mar 2026 9:03AM
Price at Release
$0.004
Full Release
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Summary
Pilot Energy Limited has secured a $25 million institutional equity subscription facility with LDA Capital, a global alternative investment group. This facility allows Pilot to access funding by exercising put options to LDA Capital over a three-year period. The funds will be used to accelerate projects, including the Cliff Head Carbon Storage Project and the expansion of data center projects with Kala Data. The agreement includes a facility fee and options issuance to LDA Capital, reducing funding risk for Pilot's projects.
Key Points
  • Pilot Energy secured a $25 million equity subscription facility with LDA Capital.
  • Facility provides funding flexibility through put options over three years.
  • Funds will support the Cliff Head Carbon Storage Project and data center expansions.
  • A 2% facility fee is payable to LDA Capital within 12 months.
  • LDA Capital receives options to subscribe for shares in Pilot Energy.
  • Facility aims to reduce funding risk for Pilot's projects.
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.