Invictus Energy (ASX: IVZ) opens AU$15.2M entitlement rights offer - Kalkine Media

February 02, 2024 12:17 PM AEDT | By Sonal Goyal
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  • Entitlement rights offer is now open to all eligible shareholders.
  • The offer is designed to raise approximately AU$15.2 million.
  • The funds would accelerate the company’s operations across the Cabora Bassa basin.

Invictus Energy Limited (ASX: IVZ) has opened an entitlement rights offer to all eligible shareholders to raise ~AU$15.2 million. The offer comes with a 1-for-2 free attaching IVZOA quoted option. Details here.

IVZO options, trading on the ASX since July 2023, has traded in the range of AU$0.03 to AU$0.17. The option has an exercise price of AU$0.20 and expiry date of 7 June 2026.

The record date of the offer is 30 January 2024. The shareholders who have registered address in Singapore, Hong Kong, the United Kingdom, New Zealand and Australia can participate in the offer.

The company informed that eligible shareholders can take part in the shortfall, if they wish to apply for over their entitlement allocation.

The closing date of the offer is 19 February 2024 and issue date is 26 February 2024.

The funds raised would advance the company’s operations in the Cabora Bassa basin.

IVZ shares jumped 2.50% to trade at AU$0.102 apiece at the time of writing on 2 February 2024.


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