BPH Energy: Eyes $1.5m for clean hydrogen investment
- BPH Energy (BPH) receives binding commitments to raise roughly $1.5 million via a share placement
- The funds will be raised through the issue of more than 115.38 million new fully-paid ordinary shares to a range of sophisticated investors priced at 1.3 cents
- BPH will also be undertaking a non-renounceable entitlement offer to raise around $400,000 via the issue of more than 30 million shares at the same price as the placement
- The company will use the money to invest in its Clean Hydrogen Technology, and the exploration and development of oil and gas investments
- BPH ends the day 6.25 per cent in the green to close at 1.7 cents
