Jade Gas Holdings Completes AU$11 Million Share Placement

MT Newswires Live

Aug 04

Jade Gas Holdings (ASX:JGH) completed the settlement of a private placement to raise a gross AU$11 million at AU$0.12 per share, according to a Tuesday filing with the Australian bourse.

The company said it will issue about 91.7 million new ordinary shares under the placement.

Proceeds from the placement will support pre-development activities across the TTCBM Basin in Mongolia and help advance commercial and strategic initiatives, including the company's proposed Hong Kong Stock Exchange listing, per the filing.

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