Brief: New Zealand Oil And Gas To Raise Up To NZ$25 Mln

New Zealand Oil and Gas

26/04/2022 21:54

April 27 (Reuters) - New Zealand Oil and Gas Ltd  NZO.NZ :
    * ANNOUNCES UP TO NZ$25 MILLION EQUITY RAISE
    * EQUITY RAISING THROUGH A 1-FOR-2.7625 RENOUNCEABLE RIGHTS
OFFER
    * CAPITAL RAISE ENABLES CYCLE OF INVESTMENT IN GROWTH
PROJECTS AT
PRODUCING ASSETS IN AUSTRALIA AND NEW ZEALAND
    * PLACEMENT AT ISSUE PRICE OF NZ$0.42 PER SHARE
    * INTENDS TO CONVERT TO FULL LISTING STATUS ON THE ASX
    * WOULD MOVE FROM FULL LISTING TO FOREIGN EXEMPT LISTING ON
THE
NZX
    * ENGAGING WITH BOTH NZX AND ASX REGARDING MOVING FROM A
FULL
LISTING TO A FOREIGN EXEMPT LISTING ON NZX
    * CHANGE IN LISTING STATUS IS EXPECTED TO TAKE PLACE BY
MID-JUNE
2022

Further company coverage:  NZO.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))