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Oracle Coalfields ( (GB:ORCP) ) has provided an announcement.
Oracle Power PLC has announced the repricing and exercise of its outstanding warrants, reducing the exercise price by 21.9%, and raising gross proceeds of £416,667. This strategic move, involving Peel Hunt LLP exercising warrants at a discounted rate, is expected to provide funding primarily for project development in Australia and the green hydrogen project in Pakistan, as well as general working capital. The company’s decision represents a cost-effective alternative to traditional equity placing, impacting its market operations and potentially benefiting shareholders.
More about Oracle Coalfields
Oracle Power PLC is an international project developer engaged in advancing projects in sectors such as energy. The company is involved in a green hydrogen project in Pakistan through a joint venture with His Highness Sheikh Ahmed Dalmook Al Maktoum and is also working on projects in Australia.
YTD Price Performance: 0.0%
Average Trading Volume: 510,405,827
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £2.58M
Find detailed analytics on ORCP stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
