4th Oct 2006 08:27
OILEX LTD4 October 2006Centralised Company Announcement OfficeAustralian Stock Exchange Limited10th Floor, 20 Bond StreetSYDNEY NSW 2000Dear Sir,RE: APPENDIX 3B- ACQUISITION BALANCE OF INDEPENDENCE OIL & GASLIMITED ("IOGL")Oilex is pleased to advise that further to its ASX release of 7 December 2005,Oilex has acquired the remaining 1.96% (being19,566 shares) equity in IOGL,giving Oilex 100% of the total issued capital of IOGL.A related Appendix 3B is attached hereto.For and on behalf of the BoardMax CozijnCompany SecretaryAttach.cc: Directors: BMc/RGB/GIJ: GMc Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon asavailable. Information and documents given to ASX become ASX's property and maybe made public.Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.Name of entity OILEX NL ABN 50 078 652 632 We (the entity) give ASX the following information.Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enoughspace).1 +Class of +securities A. Ordinary Shares issued or to be issued B. Unlisted 50c Options 2 Number of +securities A. 19,566 issued or to be issued (if known) or maximum number B. 19,566 which may be issued 3 Principal terms of the A. Fully Paid Ordinary Shares +securities (eg, if options, exercise price B. 50 cent options expiring 7/12/08 and expiry date; if partly paid +securities, the NOTE: All these securities are amount outstanding and due subject to voluntary escrow. dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 Do the +securities rank Yes equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration Deemed value $1.32 per share 6 Purpose of the issue Acquisition of Balance of 19,566 shares in Independence Oil & & Gas Ltd (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering 4 October 2006 +securities into uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 76,633,885 Ordinary Shares +securities quoted on ASX (including the securities [Note: 1,000,100 in clause 2 if applicable) shares are in Voluntary Escrow] Number +Class 9 Number and +class of all 2,200,000 $0.20 Options due 28/02/08 +securities not quoted on ASX (including the 500,000 $1.00 Options due 31/12/2009 securities in clause 2 if applicable) 3,000,000 $1.50 Options due 31/12/2009 1,000,100 $0.50 Options due 7/12/08 & escrowed 2,250,000 until 6/12/06 3,250,000 $0.40 Options due 14/12/2008 4,250,000 $0.50 Options due 14/12/2008 1,000,000 $0.80 Options due 14/12/2009 4,500,000 $0.50 Options due 14/12/20089 775,000 $0.50 Options due 14/12/2010 775,000 $0.50 Options due 14/12/2009 775,000 $0.65 Options due 14/12/2009 250,000 $0.90 Options due 14/12/2010 250,000 $0.45 Options due 14/12/2009 $0.55 Options due 14/12/2009 10 Dividend policy (in the N/A case of a trust, distribution policy) on the increased capital (interests) Part 2 - Bonus issue or pro rata issue[Item 11 to 33 - Not Applicable]Part 3 - Quotation of securitiesYou need only complete this section if you are applying for quotation ofsecurities34 Type of securities (tick one) (a) Securities described in Part 1 (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a)[Items 35 to 42 - Not Applicable]Additional securities forming a new class of securitieQuotation agreement1 +Quotation of our additional +securities is in ASX's absolute discretion. ASXmay quote the +securities on any conditions it decides.2 We warrant the following to ASX.¢â‚¬¢ The issue of the +securities to be quoted complies with the law and is notfor an illegal purpose.¢â‚¬¢ There is no reason why those +securities should not be granted +quotation.¢â‚¬¢ An offer of the +securities for sale within 12 months after their issue willnot require disclosure under section 707(3) or section 1012C(6) of theCorporations Act.Note: An entity may need to obtain appropriate warranties from subscribers forthe securities in order to be able to give this warranty¢â‚¬¢ Section 724 or section 1016E of the Corporations Act does not apply to anyapplications received by us in relation to any +securities to be quoted andthat no-one has any right to return any +securities to be quoted under sections737, 738 or 1016F of the Corporations Act at the time that we request that the+securities be quoted.¢â‚¬¢ We warrant that if confirmation is required under section 1017F of theCorporations Act in relation to the +securities to be quoted, it has beenprovided at the time that we request that the +securities be quoted.¢â‚¬¢ If we are a trust, we warrant that no person has the right to return the+securities to be quoted under section 1019B of the Corporations Act at thetime that we request that the +securities be quoted.3 We will indemnify ASX to the fullest extent permitted by law in respect ofany claim, action or expense arising from or connected with any breach of thewarranties in this agreement.4 We give ASX the information and documents required by this form. If anyinformation or document not available now, will give it to ASX before+quotation of the +securities begins. We acknowledge that ASX is relying on theinformation and documents. We warrant that they are (will be) true andcomplete.Sign here: .......... Date: ¢â‚¬¦¢â‚¬¦....4 October 2006..............(Director/Company secretary)Print name: .........M.D.J. Cozijn........................ == == == == == 2 OILEX LTD ABN 50 078 652 632 Level 3, 50 Kings Park Road West Perth WA 6005 Australia, PO Box 588 West Perth WA 6872 Australia Telephone: (+61 8) 9226 5577 Facsimile: (+61 8) 9226 2108 Email: [email protected] Web: www.oilex.com.au +ENDOILEX LTDRelated Shares:
OEX.L