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Why Is Carnarvon Investing A$88M to Own Nearly 20% of Strike Energy?
9:07am on Tuesday 22nd of July, 2025 AEST
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Energy
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Why Is Carnarvon Investing A$88M to Own Nearly 20% of Strike Energy?
9:07am on Tuesday 22nd of July, 2025 AEST
Key Points
Carnarvon to acquire up to 19.9% of Strike via two-tranche placement
Placement priced at A$0.12 per share, a 19.7% discount to recent VWAP
Strike to raise up to A$10 million through a non-underwritten Share Purchase Plan
Funds targeted at advancing South Erregulla and West Erregulla projects
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