Issue of Options

RNS Number : 6408X

88 Energy Limited

01 September 2015

 



88 ENERGY LIMITED

Issue of Tranche 2 Shares - Placement

88 Energy Limited (ASX:88E; AIM:88E, "88 Energy" or the "Company") announces that it has issued 70,000,000 unlisted options (exercisable at $0.016 on or before 31 August 2018) to brokers and advisors for capital raising services provided in relation to the recent Placement announced 22 July 2015.

The issue of the Broker Options was approved by shareholders at a General Meeting held 21 August 2015.

Following the above movements, the Company has the following securities on issue:

Number	Class
2,339,306,023 403,659,650	Fully paid ordinary shares Listed Options exercisable at $0.02; expiring 3 years from date of issue
300,000	Unlisted options exercisable at $0.70 on or before 10 April 2016
213,733	Unlisted options exercisable at GBP£0.256 (A$0.393) on or before 19 November 2015
487,230	Unlisted options exercisable at GBP£0.242 (A$0.383) on or before 19 November 2015
2,000,000	Unlisted options exercisable at $0.28 on or before 26 November 2015
3,000,000	Unlisted options exercisable at $0.28 on or before 26 November 2015
2,500,000	Unlisted options exercisable at $0.45 on or before 31 March 2016
2,500,000	Unlisted options exercisable at $0.45 on or before 31 March 2016 (voluntary escrow for 12 months)
1,000,000	Unlisted options exercisable at $0.42 on or before 12 June 2017 (vesting conditions apply)
2,000,000	Unlisted options exercisable at $0.28 on or before 12 June 2017
1,000,000	Unlisted options exercisable at $0.30 on or before 22 April 2016
250,000	Unlisted options exercisable at $0.16 on or before 12 June 2017
12,000,000 20,000,000 45,000,000 3,000,000 70,000,000	Unlisted options exercisable at $0.01 on or before 22 October  2017 Unlisted options at an exercise price of A$0.014 per option expiring 2 March 2018 Unlisted options at an exercise price of A$0.015 per option expiring 18 February 2018 Unlisted options at an exercise price of $0.015 per option expiring 18 February 2018 Unlisted options at an exercise price of $0.016 per option expiring 31 August 2018

DAVID WALL

Managing Director

88 Energy Limited

Level 2, 5 Ord Street

West Perth WA 6005, Australia

Ph: + 61 8 9485 0990 

www.88energy.com

 
Contacts

United Kingdom Cenkos Securities Plc
As Nominated Adviser Mr Neil McDonald	Mr Derrick Lee
Tel: [phone]	Tel: [phone]

 

END

 

 

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