Energy Technologies

Results of Rights Issue


Energy Technologies Limited (ASX: EGY) (EGY or the Company) is pleased to announce the results of its non-renounceable pro-rata rights issue as announced on Thursday, 12 September 2024.

Capitalised terms used in this announcement but not defined have the meaning given to them in the Offer Booklet lodged by the Company on Friday, 20 September 2024.

 

Results of the Offer

 

The Offer closed at 5.00pm (AEST) on Wednesday, 2 October 2024. The Offer raised approximately

$0.4m with Eligible Shareholders subscribing for approximately 14.4m shares (New Shares) at the Issue Price of $0.03 (3 cents) per New Share.

Following the close of the Offer, including the Additional Securities, there is a shortfall of 407,645,638 New Shares ($12,229,369.14).

The Company reserves the right to place the residual Shortfall at the same price on the same terms as the Offer, at the discretion of the Board, for a period of up to 3 months following the Closing Date.

Subject to settlement of funds, the New Shares subscribed for under the Offer are expected to be issued on Wednesday, 9 October 2024, with normal trading of the New Shares expected to commence on Thursday, 10 October 2024.

Source

EGY:AU
Energy Technologies

Energy Technologies Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Energy Technologies

Energy Technologies


Keep reading...Show less

High-quality cable manufacturer and re-seller for the expanding energy and infrastructure markets

Energy Technologies (ASX:EGY)

Exclusive Interview: Energy Technologies CEO Nick Cousins

Energy Technologies (ASX:EGY) CEO Nick Cousins shared that the company is refocusing its business strategy, focusing on the burgeoning renewable energy sector in Australia.

"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.

Keep reading...Show less
Arrows and line graph ascending, symbolizing growth, with a car silhouette in the background.

EVs Emit 73 percent Less Than Gas Cars: Study

A new analysis from the International Council on Clean Transportation (ICCT) has found that battery electric vehicles (BEVs) sold in Europe today produce 73 percent fewer greenhouse gas emissions over their lifetime than comparable gasoline-powered cars

The findings are based on an updated life-cycle assessment (LCA) of all major vehicle powertrain types, including internal combustion engine vehicles (ICEVs), hybrids (HEVs), plug-in hybrids (PHEVs), battery electric vehicles (BEVs), and hydrogen fuel cell electric vehicles (FCEVs).

The report accounts for emissions from vehicle and battery manufacturing, energy production, use and maintenance, while crucially considering changes in the EU’s electricity mix over a car’s operational life.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Investment Mkango and Hypromag Announces First Production from Commercial-Scale Recycled Rare Earth Alloy Production in the UK

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to note that Mkango Resources Ltd. (AIM/TSX-V:MKA) ("Mkango") and HyProMag Limited ("HyProMag") have announced first production runs of recycled rare earth alloy from the commercial-scale Hydrogen Processing of Magnet Scrap ("HPMS") vessel at Tyseley Energy Park ("TEP") in Birmingham, UK.

This marks the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy using HPMS technology and represents a significant milestone for all stakeholders involved. The TEP plant is the UK's only sintered rare earth magnet manufacturing facility and is a major step forward for both domestic and global rare earth supply chains.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Second Closing of Life Offering and Concurrent Private Placement

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Corporation") is pleased to announce that it has completed a second closing (the "Second Closing") of its previously announced financing pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Offering") and concurrent private placement (the "Private Placement" and together with the LIFE Offering, the "Offerings") of up to an aggregate of 12,820,512 units (each, a "Unit") at a price of $0.78 per Unit for aggregate gross proceeds of up to $10,000,000 (comprised of $5,000,000 under the LIFE Offering and $5,000,000 under the Private Placement). Each Unit consists of one common share in the capital of the Corporation (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units.

Keep reading...Show less
Troy Minerals (CSE:TROY)

Troy Minerals Announces Maiden Inferred Resource Estimate for High-Purity Silica at Table Mountain Project, BC

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the completion of an initial Inferred Mineral Resource Estimate ("MRE") for high-purity silica at its 100%-owned Table Mountain Project, located near Golden, British Columbia, Canada (Figure 1).

Key Highlights:

Keep reading...Show less
Troy Minerals (CSE:TROY)

Troy Minerals Announces Life Offering

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce aprivate placement offering (the "Offering") of a minimum of 10,000,000 units of the Company (each a "Unit") and up to a maximum of 15,000,000 Units at a price of $0.10 per Unit, for gross proceeds of up to $1,500,000.

Each Unit will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire an additional common share at a price of $0.15 per common share for a period of two years from the date of issuance.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Annual and Special Meeting Results

 CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Company") is pleased to announce that all resolutions were passed by requisite majority at its annual and special meeting of shareholders held earlier today in virtual format.

The seven incumbent directors, Julian Treger, Raffaele (Lucio) Genovese, Tom Albanese, Margot Naudie, Sharon Fay, Erez Ichilov and Robert Harward were re-elected to the Board by shareholders. The shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and the Company's amended and restated omnibus equity incentive plan.

Keep reading...Show less
Energy Technologies

Energy Technologies Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×