ADX Energy raises A$3.58m for European operations

ADX Energy Ltd has secured a A$3.58 million placement, issuing 179.2 million new ordinary shares at A$0.02 with free attaching options exercisable at A$0.03 (expiring 31 December 2027) to fund HOCH-1 shallow gas testing and broader exploration and production activities across Austria and the Sicily Channel. The deal also contemplates additional options and potential dilution, reflecting ongoing investor appetite for European gas plays while outlining near-term catalysts such as farm-in activity and continued resource development.