The company is aiming to raise A$10 million (US$9.48 million) with the IPO, by issuing 40 million shares at a price of A$0.25 per share, plus one attaching loyalty option for every two shares subscribed.
Real, which holds more than 2 million acres in the onshore Cooper basin, said the funds raised would be used to “work up its portfolio of assets via an extensive programme including exploration drilling and acquisition of seismic data”.
The
