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Whitebark Energy (ASX: $WBE) reinstatement to quotation

Whitebark Energy reinstated to trading following material third party proposal


Whitebark Energy Ltd (ASX: $WBE) has been reinstated to trading following the release of an announcement regarding a material third party proposal. The proposal involves a partial divestment of the Company's Wizard Lake assets and a Capital Raising in relation to its existing Australian Geothermal Portfolio.

Executive Commentary on Reinstatement and Proposal


We are pleased to announce the reinstatement of trading following the release of the material third party proposal. This proposal regarding the partial divestment of our Wizard Lake assets and the Capital Raising for our Australian Geothermal Portfolio marks a significant development for the company.

Summary of Reinstatement and Proposal


Whitebark Energy Ltd (ASX: $WBE) has been reinstated to trading after the release of a material third party proposal. The proposal involves a partial divestment of the Company's Wizard Lake assets and a Capital Raising in relation to its existing Australian Geothermal Portfolio. This reinstatement signifies a pivotal moment for the company as it moves forward with the proposed divestment and Capital Raising, reflecting its strategic decisions and future plans.

WHITEBARK ENERGY LTD
WBE | ASX | Energy
0.0110.001(+10%)
At close 05/07 (AEDT)
Market cap
$2.3M
Volume
50,000
DY Yield
0
PE Ratio
0
52 Week Range
0.009 - 0.05
1YR Return
-45%

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