Bounty Oil & Gas NL has unveiled a prospectus for the issuance of 632 million new options, according to a filing with the Australian Securities Exchange (ASX) on June 8, 2026. The options are part of the company's capital raising efforts to fund exploration and development activities.
The prospectus details the terms of the options, including an exercise price of AUD 0.002 per option, expiring on June 30, 2028. The move aims to strengthen the company's financial position amid ongoing operations in Australia's oil and gas sector.
As of the latest update, Bounty Oil & Gas shares traded at AUD 0.001 on the ASX, reflecting the company's micro-cap status. The options issuance is subject to shareholder approval and regulatory clearance.
