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HYTERRA LTD — Capital/Financing Update 2023
Mar 2, 2023
65084_rns_2023-03-02_67ecded1-813f-4d8b-9cce-4848a8b5e62d.pdf
Capital/Financing Update
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----- Start of picture text ----- PIONEERING NATURAL HYDROGEN----- End of picture text -----
ASX / MEDIA RELEASE: 3 MARCH 2023
LOYALTY OPTIONS OFFER NOT TO PROCEED
On 28 February 2023, HyTerra Ltd (ASX: HYT) ( HyTerra or the Company ) announced the Company’s intention to proceed with a 1:4 entitlements offer of 2.5c options ( Loyalty Options Offer ).
Upon further consideration, and having regard to Shareholder dilution concerns raised with the Company (including for ineligible Shareholders), HyTerra’s Board has resolved not to proceed with the Loyalty Options Offer and to terminate the associated underwriting arrangements.
This ASX announcement has been authorised for release by Alex Neuling, Company Secretary.
For further information please visit the Company’s website at www.hyterra.com or contact:
Avon McIntyre Paul Garner Executive Director & Chief Technical Officer Non-Executive Director +61 403 881 135 +61 411 871 487 [email protected] [email protected]
ABOUT HYTERRA LTD
The first ASX listed company with a focus on pioneering the exploration and production of natural hydrogen. HyTerra has an earn-in interest in a Joint Development Agreement (JDA) with Natural Hydrogen Energy LLC which includes the world’s first wildcat well targeting natural hydrogen in Nebraska, USA. Under the terms of the JDA, HyTerra has the option to acquire 51% of the assets and assume operatorship.
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----- Start of picture text ----- HyTerra Ltd | ACN 116 829 675 | ASX: HYT | hyterra.com @HyTerra_ASX HyTerra Ltd----- End of picture text -----