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Conrad Asia Energy Secures A$9 Million to Advance Mako Gas Project

3:19am on Monday 2nd of June, 2025 AEST Energy
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Conrad Asia Energy Secures A$9 Million to Advance Mako Gas Project

3:19am on Monday 2nd of June, 2025 AEST
Key Points
  • A$9 million raised via two-tranche placement at A$0.65 per CDI
  • Directors and senior management investing A$3 million, subject to shareholder approval
  • Placement price represents ~12% discount to recent trading prices
  • Funds earmarked for Mako gas project milestones and general expenses
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