Arc has replenished its warchest after raising $2.88 million in a placement to clients of broking firm Euroz. The eight million shares will be issued on 1 August at 36 cents.
Arc said the funds would be used for the evaluation of the Hovea 1 and 2 oil and gas discoveries.
"The additional costs to complete the Hovea 2 well plus the costs of the deepening and possible sidetracking of Hovea 3, together with ARC's philosophy of maintaining a conservative approach to its cash position makes this placement a prudent course of action at this time," said the company.
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- Arc gets placement away @ 36 cents
Arc gets placement away @ 36 cents
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $75.45M |
Open | High | Low | Value | Volume |
22.0¢ | 23.0¢ | 22.0¢ | $67.13K | 293.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 133413 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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23.0¢ | 9688 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 25000 | 0.225 |
5 | 74925 | 0.220 |
4 | 15284 | 0.215 |
4 | 138072 | 0.210 |
3 | 19556 | 0.205 |
Price($) | Vol. | No. |
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0.230 | 9688 | 1 |
0.240 | 50764 | 5 |
0.245 | 32600 | 4 |
0.250 | 79015 | 4 |
0.255 | 2800 | 1 |
Last trade - 16.10pm 27/05/2022 (20 minute delay) ? |
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Last
23.0¢ |
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Change
0.000 ( 2.22 %) |
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Open | High | Low | Volume | ||
22.5¢ | 23.5¢ | 22.5¢ | 75165 | ||
Last updated 15.56pm 27/05/2022 (live) ? |
WCG (ASX) Chart |