# Dune Oil updates trading symbol, closes funding round

> The oil explorer raises C$422,500 and shifts to a new OTCQB ticker ahead of investor meetings.
- Title: Dune Oil updates trading symbol, closes funding round
- Summary: The oil explorer raises C$422,500 and shifts to a new OTCQB ticker ahead of investor meetings. Dune Oil secured additional private placement funding and…
- Keywords: dune oil, otcqb, private placement, oil exploration, m47 block, financing, trading symbol, cse, frankfurt exchange, business, finance, Dune
- Source: Yahoo Finance — https://finance.yahoo.com/energy/articles/dune-oil-updates-otcqb-symbol-123600094.html
- Published: 2026-09-16T12:36:00+00:00
- Read time: 1 min
- Topics: dune oil, otcqb, private placement, oil exploration, m47 block, financing, trading symbol, cse, frankfurt exchange, business, finance
## Dune Oil switches US trading symbol
The oil company changed its OTCQB ticker to DUNXF, effective September 14. Its Canadian and Frankfurt symbols remain unchanged.
## Raises C$422,500 in private placement
Dune issued 2.8 million units at C$0.15 per unit through its non-brokered private placement announced earlier in 2026.
## Settles debt with warrant issuance
Dune settled C$20,000 in outstanding debt by issuing 133,333 units to an arm's length party. Each unit includes one share and half a warrant.
## Funds exploration and investor relations
Proceeds will support Dune's work program on the M47 oil exploration block, investor relations activities and general working capital.
## Management to present at Toronto summit
Dune will participate in the 3rd Annual ArcStone-Kingswood Growth Summit on September 16, discussing the M47 project, milestones and growth strategy.
## Key takeaway

Dune Oil secured additional private placement funding and updated its US trading symbol to DUNXF, positioning itself for exploration work on its M47 oil block.