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Xstate Resources Moves to Raise $3M, Eyes ASX Reinstatement
7:01am on Tuesday 24th of June, 2025 AEST
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Energy
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Xstate Resources Moves to Raise $3M, Eyes ASX Reinstatement
7:01am on Tuesday 24th of June, 2025 AEST
Key Points
Appointment of PAC Partners and BW Equities as joint lead managers
Capital raising target between $2 million and $3 million via public offer
Proposed 2.23, 1 share consolidation subject to shareholder approval
Issuance of up to 25 million options to joint lead managers as part of fees
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