- BPH Energy (BPH) enters the week in a trading halt ahead of a capital raise
- It is not known on how much it plans to raise or where the money will be spent
- Company shares will be paused until Wednesday, August 17, or when further details on the raise are announced
- On the market, BPH last traded at 1.6 cents per share on August 12
BPH Energy (BPH) has entered into a trading halt ahead of a capital raise.
The company has not given any details to the market on how much it plans to raise or where the money will be spent.
Under the halt, company shares will be paused until Wednesday, August 17, or when further details on the raise are announced, whichever one comes first.
Last week, the company announced its investee, Cortical Dynamics, was granted a key patent relating to its Brain Anaesthesia Response Monitor (BARM) technology in the United States.
The BARM technology measures a patient’s brain electrical activity, the
electroencephalogram, in order to indicate how deeply anaesthetised a patient
is during an operation.
BPH has also announced that its shareholders approved the investment in hydrogen tech company Clean Hydrogen Technologies Corporation.
The company and its investee, Advent Energy, have settled for a 10 per cent interest in Clean Hydrogen for US$1 million (A$1.4 million).
On the market, BPH last traded at 1.6 cents per share on August 12.