- Jade Gas (JGH) enters a trading halt while it plans the details of an upcoming capital raising
- The company will remain in the halt until the earlier of April 28 or when an announcement with more details is released
- On April 20, Jade Gas appointed its CEO Christopher Jamieson as Managing Director, effective immediately
- Mr Jamieson was appointed CEO in December 2021 and has overseen the delivery of up to six wells at its flagship TTCBM Gas Project in Mongolia
- Shares in Jade Gas last traded at 6.5 cents on April 21
Jade Gas (JGH) has entered a trading halt while it plans the details of an upcoming capital raising.
The company will remain in the halt until the earlier of April 28 or when an announcement with more details is released.
Jade Gas is yet to disclose how much it intends to raise or what it will use the funds for once received.
On April 20, Jade Gas officially appointed its CEO Christopher Jamieson as Managing Director.
Mr Jamieson was appointed CE in December 2021 and has overseen the delivery of up to six wells at the company’s flagship TTCBM Gas Project in Mongolia.
Prior to joining Jade Gas, he spent over seven years at Beach Energy (BPT) and he was a Co-Founder of capital markets and investor relations firm, Jamieson Capital.
This is the first trading halt Jade Gas has entered since it listed on the ASX in October 2021 following a $7.5 million capital raising.
Shares in Jade Gas last traded at 6.5 cents on April 21. The company has a $78.61 million market cap.