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Metgasco’s discounted raising opens a path to growth and a potential control shift

10:29am on Tuesday 10th of November, 2026 AEDT • Oil and Gas
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Metgasco’s discounted raising opens a path to growth and a potential control shift

10:29am on Tuesday 10th of November, 2026 AEDT
Key Points
  • 5-for-1 renounceable offer at 1.1 cents per share
  • Up to $2.02 million gross proceeds, with $1 million potentially settled through debt set-off
  • GSC’s interest could rise from about 20% to 76.97% in a low-subscription scenario
  • Approximately $6.3 million of GSC debt could remain due on 30 December 2026
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