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How Australian Oil’s $1M Loan Forgiveness and 36M Shares Reshape Its Future
9:25am on Thursday 3rd of July, 2025 AEST
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Energy
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How Australian Oil’s $1M Loan Forgiveness and 36M Shares Reshape Its Future
9:25am on Thursday 3rd of July, 2025 AEST
Key Points
Settlement with former director Gary Jeffery and Dungay Resources
Forgiveness of $1 million loan and $184,602 accrued interest
Payment of $28,000 cash and issuance of 36 million shares
Shares issued without shareholder approval due to director resignation
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