Issue of Equity

RNS Number : 7050Z

88 Energy Limited

25 May 2021

 

25 May 2021

88 Energy Limited

Issue of Shares

88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) has today issued 345,000,000 fully paid ordinary shares at a deemed issue price of A$0.025 per share in lieu of cash payments totalling A$8,625,000 to contractors providing services to the Company during the Merlin-1 drilling operations.

Application will be made for admission of the new ordinary shares to trading on AIM ("Admission"), with Admission expected to occur on 28 May 2021. Following the issue of the new ordinary shares, which rank pari passu to the existing ordinary shares in the Company, the Company has a total of 12,911,090,431 ordinary shares in issue, all of which have voting rights.

Media and Investor Relations:

88 Energy Ltd Ashley Gilbert, Managing Director	Tel: [phone] Email: [e-mail]
Finlay Thomson, Investor Relations	Tel: [phone]
EurozHartleys Ltd Dale Bryan	Tel: + 61 8 9268 2829
Cenkos Securities  Neil McDonald/Derrick Lee	Tel: + 44 131 220 6939

 

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