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Jade Gas Holdings Addresses Settlement Issues Affecting AU$11 Million Private Placement

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Jade Gas Holdings (ASX:JGH) said it is working with its joint lead managers to address settlement issues involving certain investors unable to provide cleared funds for its AU$11 million private placement due on Monday, according to a same-day Australian bourse filing.

The company said the issue will not impact its major AU$1.1 billion PTBEL joint venture and funding transaction, which continues to progress, per the filing.

It also confirmed it has sufficient resources to meet creditor obligations and ongoing working capital needs regardless of the placement outcome, the filing added.

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