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White Energy Company Limited (ASX:WEC)

ALERT: Price-sensitive ASX Announcement for WEC
Current share price for WEC : $0.170 0.138 (431.25%)+
Announcement
Release
12 Dec 2025 1:57PM
Price at Release
$0.032
Full Release
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Summary
White Energy Company Limited announced the results of its 5 for 12 partially underwritten non-renounceable pro-rata entitlement offer, which closed on 10 December 2025. The offer was at an issue price of $0.027 per share. Eligible shareholders took up 121,672,818 shares, while additional applications were made for 2,823,733 shares, resulting in a shortfall of 5,344,297 shares. As the offer is partially underwritten by Morgans Corporate Limited, the shortfall will be covered by the underwriter and sub-underwriters. Approximately 129.84 million fully paid ordinary shares will be issued, raising around $3.5 million before costs. The issuance and trading of these shares are scheduled to occur on 17 and 18 December 2025, respectively.
Key Points
  • Entitlement Offer was a 5 for 12 partially underwritten non-renounceable pro-rata offer.
  • Issue price was $0.027 per share.
  • Entitlements taken up by eligible shareholders amounted to 121,672,818 shares.
  • Additional shares applied for in excess of entitlements: 2,823,733.
  • Shortfall of 5,344,297 shares was covered by underwriter Morgans Corporate Limited.
  • Total shares issued will be approximately 129.84 million.
  • The offer raised approximately $3.5 million before costs.
  • Shares issuance and trading dates are 17 and 18 December 2025, respectively.
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.