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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 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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