Empire Energy (ASX: EEG) Launches $28M Capital Raise at 22% Discount to Fund Beetaloo Development

Fri 16 May 25, 12:54 AM |

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Highlights

$27.75M raised via share placement at $0.16, a 22% discount to last close

Attaching options offered at $0.24 exercise price, expiring two years from allotment

Directors commit additional $250,000; Share Purchase Plan to raise up to $3M

Empire Energy Group Ltd (ASX: EEG) has secured $27.75 million in funding through a placement of 173.4 million new shares to institutional and sophisticated investors, priced at $0.16 per share. The discounted placement price represents a 22% markdown from the company's last traded share price on 14 May 2025, and also reflects an 18.8% and 13.2% discount to its 5-day and 15-day VWAPs, respectively.

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