Australia's Pilot Energy eyes best day in over 3-mths on fundraise agreement
04/05/2023 06:42
** Shares of Australia's Pilot Energy PGY.AX rise as much
as 25% to A$0.015, set to mark best day since Jan 27, if gains
hold
** Oil and gas explorer says it has executed a binding
convertible note agreement with investors to raise A$3.0 mln
($2.0 mln)
** About 7.1 mln shares have traded so far, compared with
the 30-day moving volume of 2.7 mln shares
** Stock has fallen 25% this year, as of last close
($1 = 1.4934 Australian dollars)
(Reporting by Nausheen Thusoo in Bengaluru)
((Nausheen.Thusoo@thomsonreuters.com;))