Issue of Equity

RNS Number : 9583A

88 Energy Limited

07 June 2021

 

7th June 2021

88 Energy Limited

Issue of Equity

88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) is pleased to confirm that further to 88 Energy's acquisition of a 50% working interest from Alaska Peregrine Development Company, LLC ("APDC") in Project Peregrine, announced earlier today, the Company has today issued 235,454,781 fully paid ordinary shares (the "New Ordinary Shares") at a deemed issue price of A$0.022 per share to APDC as initial consideration.

Application has been made for admission of the New Ordinary Shares to trading on AIM ("Admission"), with Admission expected to occur on 11 June 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 13,146,545,212 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  Tel: + 44 131 220 6939

Neil McDonald / Derrick Lee

 

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