New Zealand Oil & Gas Limited (NZX: NZO, ASX: NZO) announces an equity raising of up to NZ$25 million through a 1-for-2.7625 renounceable rights offer.
Included in this announcement:
- Offer announcement;
- Investor presentation;
- Cleansing Notice; and
- NZX Corporate Action Notice
For further information please contact the Company on:
email [email protected]
phone +64 4 495 2424
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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