20th Jan 2009 07:07
20 January 2009Dear Sir,
SECTION 708 NOTICE & APPENDIX 3B - BALANCE TRANCHE #1
1. Oilex Ltd ("Company") advises that on 20 January 2009 it allotted and issued 706,000 fully paid ordinary shares at an issue price of $0.23 per share, as the balance of Tranche #1 of our current Placement, a further Tranche #2 allotment of up to 24,000,000 fully paid ordinary shares at an issue price of $0.23 per share is subject to shareholder approval to be obtained at a General Meeting of shareholders called for 30 January 2009.
2. As required by subsection 708A(6) of the Act, the directors of the Company advise that:
i) the Company issued the securities without disclosure to investors under Part 6D.2 of the Act;
ii) this Notice is being given pursuant to subsection 708A(5)(e) of the Act;
iii) as at the date of this Notice, the Company has complied with:
(a) the provisions of Chapter 2M of the Act as they apply to the Company;
and
(b) section 674 of the Act; and
iv) as at the date of this Notice, the Company is not in possession of any excluded information as defined in subsections 708A(7) and 708A(8) of the Act.
APPENDIX 3B - A related Appendix 3B is attached hereto.
For and on behalf of Oilex Ltd
Max CozijnCompany Secretarycc: Directors - BMc/RB/LLB Rule 2.7, 3.10.3, 3.10.4, 3.10.5Appendix 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 as available. Information and documents given to ASX become ASX's property and may be 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, 24/10/2005.
Name of entityOILEX LTDABN50 078 652 632We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enoughspace).1 +Class of +securities ORDINARY SHARES issued or to be issued 2 Number of +securities
issued or to be issued (if
known) or maximum number 706,000 Fully paid ordinary shares which may be issued 3 Principal terms of the +securities (eg, if options, exercise price Fully paid ordinary shares
and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
4 Do the +securities rank equally
in all respects from the date of
allotment with an existing +class YES
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 $0.23 per share
6 Purpose of the issue
(If issued as consideration for Balance of Tranche1 Placement,
the acquisition of assets, to raise funds for ongoing
clearly identify those assets) working capital, development
and exploration activities 7 Dates of entering +securities into uncertificated holdings 20 January 2009 or despatch of certificates Number +Class8 Number and +class of all +securities quoted on ASX (including the securities 152,054,885 Ordinary Shares in clause 2 if applicable) Number +Class9 Number and +class of all +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 4,250,000 $0.80 Options due 14/12/2009 1,000,000 $0.50 Options due 16/02/2009 4,500,000 $0.50 Options due 31/03/2010 775,000 $0.50 Options due 31/07/2009 775,000 $0.65 Options due 31/07/2009 775,000 $0.90 Options due 31/07/2010 500,000 $1.50 Options due 31/10/2009 500,000 $1.75 Options due 31/10/2009 500,000 $2.00 Options due 31/10/2010 500,000 $1.40 Options due 31/01/2010 450,000 $2.00 Options due 31/01/2010 450,000 $2.50 Options due 31/01/2011 2,500,000 $2.00 Options due 31/03/2011 300,000 $1.75 Options due 31/03/2010 300,000 $2.25 Options due 31/03/2011 300,000 $2.75 Options due 31/03/2012 500,000 $1.57 Options due 30/09/2011 350,000 $1.60 Options due 30/04/2010 350,000 $2.10 Options due 30/04/2010 350,000 $2.70 Options due 30/04/2011 3,900,000 $2.00 Options due 01/07/2011 3,900,000 $2.50 Options due 01/07/2011 900,000 $1.75 Options due 30/06/2011 900,000 $2.25 Options due 30/06/2011 900,000 $2.75 Options due 30/06/2012 2006 Performance Rights 60,000 Tranche 1 expire 1/07/2011 234,000 Tranche 2 expire 1/07/2011 229,000 Tranche 3 expire 1/07/2011 2007 Performance Rights 128,000 Tranche 1 expire 1/07/2012 128,000 Tranche 2 expire 1/07/2012 128,000 Tranche 3 expire 1/07/2012 2008 Performance Rights 89,000 Tranche 1 expire 1/07/2013 40,000 Tranche 2 expire 1/07/2013 41,000 Tranche 3 expire 1/07/2013 10 Dividend policy (in the case of a trust, distribution policy) on N/A the increased capital (interests)
Part 2 - Bonus issue or pro rata issue
[Item 11 to 33 - Not Applicable]
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities (tick one) (a) X 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 securities
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
- There is no reason why those +securities should not be granted +quotation.
- An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
- 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 the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: ...... Date: ....20 January 2009
(Director/Company Secretary)
Print name: .........M.D.J. Cozijn....................
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vendorRelated Shares:
OEX.L