• ADX has raised A$ 2.55 mm of new equity priced at A$ 0.006 per share. New investors will also receive one option offered for every two placement shares at a strike price of A$ 0.013 per share with an expiry date of 2 years.
• The proceeds of the raise will fund (1) the planning and purchase of long lead items for the high impact 800+ bcf Welchau gas prospect, (2) the installation of a facility to commence production from the Anshof-3 oil discovery well in October 2022, (3) the purchase of long ....
