Issue of Equity

RNS Number : 3292H

88 Energy Limited

30 November 2015

 

88 Energy Limited

Issue of Equity

Further to the announcement by 88 Energy Limited ("88E" or the "Company") on 20 November 2015 regarding a strongly oversubscribed Placement to raise up to $3 million (the "Placement"), the Company confirms that it has issued 300,000,000 fully paid ordinary shares (the "Ordinary Shares") at $0.01 per Ordinary Share to professional and sophisticated investors under its 15% Placement Capacity under Listing Rule 7.1 to raise $3 million (before costs).

Admission of the Ordinary Shares to trading on AIM is expected to occur on Tuesday 1 December 2015. Following the issue of the Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 2,639,306,023 ordinary shares in issue, all of which have voting rights.

Media and Investor Relations:

Australia
88 Energy Ltd [e-mail] [phone]
Hartleys Limited As Corporate Advisor Mr Dale Bryan [phone]
United Kingdom
Cenkos Securities Plc
As Nominated Adviser Mr Neil McDonald	Mr Derrick Lee
Tel: [phone]	Tel: [phone]

 

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