InvestSMART

Red Sky Energy Limited (ASX:ROG)

ALERT: Price-sensitive ASX Announcement for ROG
Current share price for ROG : $0.001 -0.001 (-33.33%)+
Announcement
Release
21 Apr 2026 9:49AM
Price at Release
$0.002
Full Release
download
Summary
Red Sky Energy Limited has announced a Rights Issue Offer Booklet, which involves issuing new shares to raise approximately $4.2 million before costs. The offer is priced at $0.001 per share on a 2:3 basis. The funds will be allocated for participation in three Santos-operated wells, capital raising costs, and general working capital, including activities at the Killanoola Oil Project. The offer is fully underwritten by CPS Capital Group Pty Ltd, and involves issuing 4,148,151,465 new shares, increasing the total to 10,370,378,662 shares post-offer. The offer opens on 29 April 2026 and closes on 14 May 2026, with new shares quoted on a deferred settlement basis from 15 May 2026.
Key Points
  • New Share issue price is $0.001
  • Two new shares for every three shares held
  • Aims to raise approximately $4.2 million
  • Offer opens on 29 April 2026
  • Offer closes on 14 May 2026
  • Fully underwritten by CPS Capital Group
  • Funds to be used for participation in three Santos-operated wells, capital raising costs, and general working capital
  • Total shares post-offer will be 10,370,378,662
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.