Dune Oil announces $8.3 million offering to advance drilling at Türkiye’s M47 oil block
Bitget2026/10/30 13:12- Dune Oil arranged a brokered private placement of up to $8.3 million to advance its M47 onshore oil project in Türkiye.
- Proceeds will fund seismic surveys, drilling and well testing at M47, where it is earning a 29% working interest.
- Units priced at $0.10 comprise one common share and one common share purchase warrant.
- Each warrant carries a $0.125 exercise price for 36 months from closing, becoming exercisable 60 days after closing.
- Closing is expected around November 13, 2026, subject to regulatory approvals.
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