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Red Sky Energy Limited (ASX:ROG)

ALERT: Price-sensitive ASX Announcement for ROG
Current share price for ROG : $0.002 0 (0%)+
Announcement
Release
25 May 2026 10:45AM
Price at Release
$0.002
Full Release
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Summary
Red Sky Energy Limited (ASX: ROG) announced the results of its fully underwritten, non-renounceable pro rata entitlement offer (Rights Issue) to raise up to approximately $4.2 million. The Rights Issue, offering 2 New Shares for every 3 shares held at an issue price of $0.001 per New Share, closed on 20 May 2026. It targeted shareholders in Australia, New Zealand, and the UK. The company received acceptances from eligible shareholders for $2,461,099 worth of New Shares, with a shortfall of $1,687,054. CPS Capital Group Pty Ltd fully underwrote the offer, with Abacus Enterprises Pty Ltd and Northern Star Nominees Pty Ltd sub-underwriting significant portions. The allocation of New Shares forming the shortfall was completed, and the issuance of all New Shares was scheduled for immediate implementation.
Key Points
  • Rights Issue aimed to raise approximately $4.2 million.
  • Offer price was $0.001 per New Share.
  • Rights Issue closed on 20 May 2026.
  • Eligible shareholders received 2 New Shares for every 3 shares held.
  • Offer was available in Australia, New Zealand, and the UK.
  • Accepted applications raised $2,461,099.
  • Shortfall was $1,687,054.
  • CPS Capital Group Pty Ltd acted as underwriter.
  • Abacus Enterprises and Northern Star Nominees sub-underwrote portions.
  • Issuance of New Shares followed the announced timetable.
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.