top of page

HyTerra Raising A$6.1mm in Equity for Kansas Exploration

HyTerra (HYT) is raising A$6.1mm (before costs) through a private placement and a rights issue to fund a multi-well exploration drilling program along the Nemaha Ridge, Kansas. The private placement secured A$0.88mm with the issue of ~48.8mm shares at A$0.018/sh (a 5% discount to the previous closing price of HYT on 25th March 2024). The subsequent fully underwritten rights issue aims to raise A$5.24mm by offering four new shares for every nine held at A$0.018/sh. There are various fees involved with this capital raise including a total of A$0.37mm in cash fees, 1.67mm shares and a total of 96mm options at a strike price of A$0.04 exercisable on or before 30th November 2027.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page