Announcement overview

Hydrocarbon Dynamics Limited (HCD) has announced an Entitlement Offer to raise up to $808,582 for the purpose of continuing the marketing of its key product, HCD Multi-Flow®, and reviewing investment opportunities in the energy and energy technology space, as well as for general working capital purposes. The Entitlement Offer is fully underwritten by Peloton Capital Pty Ltd and closes at 5.00 pm (Melbourne time) on Friday, 8 November 2024.

Executive commentary

The funds raised through the Entitlement Offer will enable us to further promote our flagship product, HCD Multi-Flow®, and explore potential investments in the energy and energy technology sector. We are committed to utilizing the proceeds to enhance our market presence and evaluate strategic opportunities that align with our corporate objectives. The underwriting of the offer provides a strong foundation for our fundraising efforts, and we look forward to the support of our shareholders in this initiative.

Announcement summary

Hydrocarbon Dynamics Limited (HCD) has announced an Entitlement Offer to raise funds for marketing its key product, HCD Multi-Flow®, and exploring investment opportunities in the energy and energy technology space, as well as for general working capital purposes. The offer is fully underwritten by Peloton Capital Pty Ltd and presents an opportunity for eligible shareholders to participate in the fundraising. The company aims to utilize the proceeds to strengthen its market position and assess potential ventures in line with its corporate strategy. Shareholders are encouraged to refer to the full Prospectus for comprehensive details and are advised to contact the Share Registry or their professional advisers for further information.