28th Aug 2015 07:00
88 ENERGY LIMITED - Issue of Equity88 ENERGY LIMITED - Issue of Equity
PR Newswire
London, August 28
28 August 2015
88 ENERGY LIMITED
Issue of Tranche 2 Shares - Placement
88 Energy Limited (ASX:88E; AIM:88E, “88 Energy” or the “Company”) announces that, further to the Company’s announcement on 22 July 2015, it has issued 1,030,000,000 fully paid ordinary shares as part of a two tranche Placement (the “Tranche Two Shares”).
The issue of the Tranche Two Shares was approved by shareholders at a General Meeting held 21 August 2015 and the Tranche Two Shares have been admitted to trading on both the ASX and AIM markets.
Following the above movements, the Company has the following securities on issue:
| Number | Class |
| 2,339,306,023 403,659,650 | Fully paid ordinary shares Listed Options exercisable at $0.02; expiring 3 years from date of issue |
| 300,000 | Unlisted options exercisable at $0.70 on or before 10 April 2016 |
| 213,733 | Unlisted options exercisable at GBP£0.256 (A$0.393) on or before 19 November 2015 |
| 487,230 | Unlisted options exercisable at GBP£0.242 (A$0.383) on or before 19 November 2015 |
| 2,000,000 | Unlisted options exercisable at $0.28 on or before 26 November 2015 |
| 3,000,000 | Unlisted options exercisable at $0.28 on or before 26 November 2015 |
| 2,500,000 | Unlisted options exercisable at $0.45 on or before 31 March 2016 |
| 2,500,000 | Unlisted options exercisable at $0.45 on or before 31 March 2016 (voluntary escrow for 12 months) |
| 1,000,000 | Unlisted options exercisable at $0.42 on or before 12 June 2017 (vesting conditions apply) |
| 2,000,000 | Unlisted options exercisable at $0.28 on or before 12 June 2017 |
| 1,000,000 | Unlisted options exercisable at $0.30 on or before 22 April 2016 |
| 250,000 | Unlisted options exercisable at $0.16 on or before 12 June 2017 |
| 12,000,000 20,000,000 45,000,000 3,000,000 | Unlisted options exercisable at $0.01 on or before 22 October 2017 Unlisted options at an exercise price of A$0.014 per option expiring 2 March 2018 Unlisted options at an exercise price of A$0.015 per option expiring 18 February 2018 Unlisted options at an exercise price of $0.015 per option expiring 18 February 2018 |
DAVID WALL
Managing Director
88 Energy Limited
Level 2, 5 Ord Street
West Perth WA 6005, Australia
Ph: + 61 8 9485 0990
www.88energy.com
Contacts
| United Kingdom Cenkos Securities Plc | |
| As Nominated Adviser Mr Neil McDonald | Mr Derrick Lee |
| Tel: +44 (0)131 220 9771 / +44 (0)207 397 1953 | Tel: +44 (0)131 220 9100 / +44 (0)207 397 8900 |
Related Shares:
88 Energy