Finder Energy has completed a $5.2 million capital raise through a share placement to its directors and substantial shareholder Longreach Capital, following shareholder approval.
- Issued 14 million shares at $0.37 each
- Raised approximately $5.2 million before costs
- Shares allocated to company directors and Longreach Capital
- Placement follows shareholder approval on 12 January 2026
- Part of Tranche 2 of previously announced placement
Capital Raise Completion
Finder Energy Holdings Limited has successfully completed the second tranche of its share placement, issuing over 14 million fully paid ordinary shares at 37 cents apiece. This move has raised roughly $5.2 million before costs, strengthening the company’s balance sheet as it navigates the competitive oil and gas exploration sector.
Strategic Shareholder Participation
The shares were allocated to key insiders, including the company’s directors and its substantial shareholder, Longreach Capital Investment Pty Ltd. This insider participation signals confidence from those closely involved in the company’s governance and strategic direction, potentially aligning interests ahead of upcoming operational milestones.
Shareholder Approval and Regulatory Compliance
The placement was contingent on shareholder approval, which was secured on 12 January 2026, underscoring the company’s commitment to transparency and regulatory compliance. Finder Energy has indicated that relevant regulatory filings, including Appendix 2A and Appendix 3Y forms, will be lodged separately, ensuring market participants are fully informed.
Implications for Future Operations
While the announcement does not specify how the funds will be deployed, the capital injection provides Finder Energy with additional financial flexibility. Investors will be watching closely for updates on how this funding supports exploration activities or other strategic initiatives in the coming months.
Market Context
This placement follows an earlier tranche announced in December 2025, reflecting a phased approach to capital raising. The involvement of Longreach Capital and directors may also be interpreted as a vote of confidence amid a challenging energy market landscape.
Bottom Line?
Finder Energy’s successful placement sets the stage for renewed operational focus, but investors await clarity on the use of proceeds.
Questions in the middle?
- What specific projects or activities will the new capital fund?
- How will the share issuance affect existing shareholders’ dilution and earnings per share?
- Will further tranches or capital raises be necessary in the near term?