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.
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.
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.