New Zealand Oil & Gas Limited (NZX: NZO, ASX: NZO) has announced an equity raising of up to NZ$25 million through a 1-for-2.7625 renounceable rights offer. The capital raise enables a cycle of investment in growth projects at producing assets in Australia and New Zealand as well as offering the opportunity to take part in exploration.
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At a special meeting on 24 June, shareholders voted to approve the transaction, with 99.99% of votes cast in favour. The CEO’s address is here:
The September Quarterly Report demonstrates the impact of the acquisition here
The CEOs Address is here