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88 Energy Limited (88E)

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Tuesday 25 May, 2021

88 Energy Limited

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: +61 8 9485 0990

Email: [email protected]

 

Finlay Thomson, Investor Relations

 

Tel: +44 7976 248471

EurozHartleys Ltd

Dale Bryan

 

Tel: + 61 8 9268 2829

Cenkos Securities 

Neil McDonald/Derrick Lee

 

Tel: + 44 131 220 6939

 

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