Details of Invictus Energy's entitlement rights offer

Invictus Energy Limited (ASX: $IVZ) has announced the commencement of the Invictus entitlement rights offer, allowing all eligible shareholders to participate. The offer applies to Ordinary Shares for eligible shareholders and includes a 1-for-2 free attaching IVZOA quoted option. Shareholders registered as holders of Shares at 5pm (AWST) on the Record Date (Tuesday 30 January 2024) and with registered addresses in Australia, New Zealand, United Kingdom, Hong Kong, or Singapore are eligible to participate in the Offer, aiming to raise approximately A$15.2 million.

Chairman's perspective on the company's growth and opportunities

Invictus Chairman, Mr John Bentley, expressed satisfaction with the company's recent growth, particularly highlighting the Mukuyu-2 dual gas discovery announced in December. He emphasized the potential of the Mukuyu-2 hydrocarbon discovery to significantly impact the energy market in Zimbabwe and the wider region. Mr Bentley also underscored the company's advantageous position to benefit from multiple commercialization opportunities due to the critical shortage of power in the region and growing demand. He expressed confidence in the company's ability to accelerate its growth with the recent Placement and Entitlement Offer, thanking both long-term and recent investors for their continued support.

Overview of Invictus Energy's entitlement rights offer and future prospects

Invictus Energy Limited (ASX: $IVZ) has initiated an entitlement rights offer, providing eligible shareholders with the opportunity to participate in the Offer, which includes a 1-for-2 free attaching IVZOA quoted option. The Offer aims to raise approximately A$15.2 million and is open to shareholders registered as holders of Shares at 5pm (AWST) on the Record Date. The company's Chairman, Mr John Bentley, highlighted the potential of the Mukuyu-2 hydrocarbon discovery to transform the energy market in Zimbabwe and the wider region, emphasizing the company's advantageous position to benefit from multiple commercialization opportunities. With a dominant acreage position in the Cabora Bassa basin, Invictus is well-placed to pursue a substantial portfolio of drill-ready prospects and leads. The company's recent Placement and Entitlement Offer provide it with the financial strength and resources to accelerate its growth, setting the stage for an exciting year ahead.