Calima Energy’s Chairman Glenn Whiddon Announces AUD 7.5 Million Capital Return Plan for Shareholders
Calima Energy Limited (ASX: CE1/ OTCQB: CLMEF), a dynamic player in the oil and gas exploration sector, has just made a major announcement that promises to delight its shareholders. With a focus on mineral mining operations in both Australia and Canada, Calima Energy operates from its central office located in the heart of West Leederville, Western Australia.
In a strategic move aimed at enhancing shareholder value, the senior management team at Calima Energy has unveiled plans for a significant capital return, totaling an impressive AUD 7.5 million. This pivotal development is, however, contingent on receiving the approval of the shareholders, a momentous decision slated for a vote on October 16th, 2023. The capital return will translate to a distribution of 1.2 cents per share, marking a momentous occasion for the company and its investors.
