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Whitebark Energy Updates Capital Raising and Share Valuation Amid King Energy Takeover Bid
6:33pm on Friday 14th of February, 2025 AEDT
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Energy
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Whitebark Energy Updates Capital Raising and Share Valuation Amid King Energy Takeover Bid
6:33pm on Friday 14th of February, 2025 AEDT
Key Points
Whitebark commits to $2 million placement with plans for shareholder-approved additional $1 million tranche
Placement includes debt conversion and participation by Chairman Mark Lindh
General meeting scheduled for March 2025 to approve share and option issuances
Updated pro forma financials illustrate combined group structure post-acquisition
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