Jade Gas Holdings Appoints Strategic Advisor and Secures A$12m Financing
Key points
- Richy Xie appointed as Strategic Advisor with extensive Asia-Pacific experience
- A$12m placement completed to support commercialization
- Placement price at 11.3% premium to 15-day VWAP
- Funds to progress commercial initiatives and project development
Full summary
Jade Gas Holdings Ltd (ASX: JGH) has appointed Richy Xie as a Strategic Advisor to the board, bringing extensive Asia-Pacific banking experience and expertise in commodities advisory, M&A, capital markets, and financial services. Xie, currently a board member of Zijin Gold, will assist the company in exploring strategic opportunities in the Asia-Pacific region, including a potential Hong Kong listing. Additionally, the company completed a A$12 million capital raise at A$0.08 per share, representing an 11.3% premium to the 15-day VWAP. The funds will be used to advance the company's commercialization strategy and project development milestones.
Guidance
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Outlook
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