Reinstatement to Quotation

State Gas Limited (ASX: $GAS) has announced the lifting of the suspension of trading in its securities. This follows the release of an announcement concerning the outcome of an institutional placement and the institutional component of an accelerated entitlement offer.

Executive Commentary

We are pleased to announce the reinstatement to quotation following the release of the outcomes of the institutional placement and the institutional component of the accelerated entitlement offer. This reinstatement marks an important step for the company as we continue to progress our strategic initiatives and strengthen our position in the market.

Summary

State Gas Limited (ASX: $GAS) has lifted the suspension of trading in its securities after announcing the outcomes of the institutional placement and the institutional component of an accelerated entitlement offer. The reinstatement signifies a significant development for the company as it strives to advance its strategic objectives and enhance its market standing. Looking ahead, the company aims to leverage these initiatives to drive growth and create value for its stakeholders.