Issue of Equity

RNS Number : 8377D

88 Energy Limited

01 July 2021

 

1 July 2021

88 Energy Limited

Issue of Equity

88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) has today issued 203,634,883 fully paid shares ("Consideration Shares") at a deemed issue price of A$0.026 per share pursuant to 88 Energy's acquisition of a 50% working interest in Project Peregrine from Alaska Peregrine Development Company, LLC ("APDC"),   which was announced on 7 June 2021.

Application has been made for admission of the Consideration Shares to trading on AIM ("Admission"), with Admission expected to occur on 7 July 2021. Following the issue of the Consideration Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has a total of 13,350,180,095 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]
Fivemark Partners , Investor and Media Relation Andrew Edge / Michael Vaughan	Tel: [phone] 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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