REG - 88 Energy Limited - Notice of Annual General Meeting <Origin Href="QuoteRef">88E.AX</Origin> - Part 2
03/05/2016 07:14
- Part 2: For the preceding part double click ID:nRSC9957Wa
seismic and exploration expenditure in respect
of Project Icewine. $432,312 of this amount
has been spent.
Appendix 3B: 28 January 2016 Issue date: 28 January 2016 10,000,000 4 Issued to General Manager of Alaskan Operations on satisfaction of milestones as approved by Shareholders at a General Meeting held 30 October 2015. Nil. Closing share price on date of issue $0.007. Consideration: Nil. Issued pursuant to
mandates for to General Manager of Alaskan
Operations on satisfaction of milestones as
approved by Shareholders at a General Meeting
held 30 October 2015.
Appendix 3B: 16 February 2016 Issue date: 16 February 2016 1. 19,000,0002. 26,445,2513. 6,683,334 3 Issued upon exercise of options: 1. (exercisable at $0.014 on or before 2 March 2018) 2. (exercisable at $0.016 on or before 31 August 2018) 3. (exercisable at $0.01 on or before 22 October 2017) 1. Issue price of $0.014 (discount of 129%).2. Issue price of $0.016 (discount of 100%).3. Issue price of $0.01 (discount of 220%).Closing price on date of issue $0.032. Funds of $755,957 were raised for support of
the Company's drilling and exploration
activities at Project Icewine. $0 of this
amount has been spent.
Appendix 3B: 17 February 2016 Issue date: 17 February 2016 1. 1,400,0002. 23,358,964 3 Issued upon exercise of options: 1. (exercisable at $0.01 on or before 22 October 2017) 2. (exercisable at $0.016 on or before 31 August 2018) 1. Issue price of $0.01 (discount of 120%).2. Issue price of $0.016 (discount of 27%).Closing price on date of issue $0.022. Funds of $387,743 were raised for support of
the Company's drilling and exploration
activities at Project Icewine. $0 of this
amount has been spent.
Appendix 3B: 19 February 2016 Issue date: 19 February 2016 2,500,000 3 Issued upon exercise of options (exercisable at $0.01 on or before 22 October 2017) Issue Price of $0.01. Closing price on date of issue $0.026. Discount of 160%. Funds of $25,000 were raised for support of
the Company's drilling and exploration
activities at Project Icewine. $0 of this
amount has been spent.
Appendix 3B: 22 February 2016 Issue date: 22 February 2016 1,900,000 3 Issued upon exercise of options (exercisable at $0.016 on or before 31 August 2018) Issue Price of $0.016. Closing price on date of issue $0.029. Discount of 55.17%. Funds of $30,400 were raised for support of
the Company's drilling and exploration
activities at Project Icewine. $0 of this
amount has been spent.
Appendix 3B: 2 March 2016 Issue date: 2 March 2016 3,000,000 3 Issued upon exercise of options (exercisable at $0.021 on or before 1 November 2018) Issue Price of $0.021. Closing price on date of issue $0.042. Discount of 100%. Funds of $63,000 were raised for support of
the Company's drilling and exploration
activities at Project Icewine.$0 of this
amount has been spent
Appendix 3B: 4 March 2016 Issue date: 4 March 2016 1. 3,000,0002. 3,400,000 3 Issued upon exercise of options: 1. (exercisable at $0.021 on or before 1 November 2018) 2. (exercisable at $0.016 on or before 31 August 2018) 1. Issue price of $0.021 (discount of 152%).2. Issue price of $0.016 (discount of 230%).Closing price on date of issue $0.053. Funds of $117,400 were raised for support of
the Company's drilling and exploration
activities at Project Icewine. $0of this
amount has been spent.
Appendix 3B: 10 March 2016 Issue date: 10 March 2016 119,618 3 Issued upon exercise of options (exercisable at $0.016 on or before 31 August 2018) Issue Price of $0.016. Closing price on date of issue $0.067. Discount of 319%. Funds of $1,914 were raised for support of the
Company's drilling and exploration activities
at Project Icewine. $0 of this amount has been
spent.
Appendix 3B: 11 March 2016 Issue date: 11 March 2016 1. 1,416,6662. 500,000 3 Issued upon exercise of options: 1. (exercisable at $0.01 on or before 22 October 2017) 2. (exercisable at $0.016 on or before 31 August 2018) 1. Issue price of $0.01 (discount of 640%)2. Issue price of $0.016 (discount of 362%)Closing price on date of issue $0.074. Funds of $22,167 were raised for support of
the Company's drilling and exploration
activities at Project Icewine. $0 of this
amount has been spent.
Appendix 3B: 17 March 2016 Issue date: 17 March 2016 3,000,000 3 Issued upon exercise of options (exercisable at $0.015 on or 18 February 2018) Issue Price of $0.015. Closing price on date of issue $0.076. Discount of 407%. Funds of $45,000 were raised for support of
the Company's drilling and exploration
activities at Project Icewine. $0 of this
amount has been spent.
Appendix 3B: 19 April 2016 Issue date: 19 April 2016 200,000 3 Issued upon exercise of options (exercisable at $0.02 on or 2 March 2018) Issue Price of $0.02. Closing price on date of issue $0.039. Discount of 48.71%. Funds of $4,000 were raised for support of the
Company's drilling and exploration activities
at Project Icewine. $0 of this amount has been
spent.
1. 1,400,0002. 23,358,964
3
Issued upon exercise of options:
1. (exercisable at $0.01 on or before 22 October 2017)
2. (exercisable at $0.016 on or before 31 August 2018)
1. Issue price of $0.01 (discount of 120%).2. Issue price of $0.016
(discount of 27%).
Closing price on date of issue $0.022.
Funds of $387,743 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent.
Appendix 3B:
19 February 2016
Issue date: 19 February 2016
2,500,000
3
Issued upon exercise of options (exercisable at $0.01 on or before 22 October
2017)
Issue Price of $0.01.
Closing price on date of issue $0.026. Discount of 160%.
Funds of $25,000 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent.
Appendix 3B:
22 February 2016
Issue date: 22 February 2016
1,900,000
3
Issued upon exercise of options (exercisable at $0.016 on or before 31 August
2018)
Issue Price of $0.016.
Closing price on date of issue $0.029. Discount of 55.17%.
Funds of $30,400 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent.
Appendix 3B:
2 March 2016
Issue date: 2 March 2016
3,000,000
3
Issued upon exercise of options (exercisable at $0.021 on or before 1 November
2018)
Issue Price of $0.021.
Closing price on date of issue $0.042. Discount of 100%.
Funds of $63,000 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent
Appendix 3B:
4 March 2016
Issue date:
4 March 2016
1. 3,000,0002. 3,400,000
3
Issued upon exercise of options:
1. (exercisable at $0.021 on or before 1 November 2018)
2. (exercisable at $0.016 on or before 31 August 2018)
1. Issue price of $0.021 (discount of 152%).2. Issue price of $0.016
(discount of 230%).
Closing price on date of issue $0.053.
Funds of $117,400 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0of this amount has been spent.
Appendix 3B:
10 March 2016
Issue date:
10 March 2016
119,618
3
Issued upon exercise of options (exercisable at $0.016 on or before 31 August
2018)
Issue Price of $0.016.
Closing price on date of issue $0.067. Discount of 319%.
Funds of $1,914 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent.
Appendix 3B:
11 March 2016
Issue date:
11 March 2016
1. 1,416,6662. 500,000
3
Issued upon exercise of options:
1. (exercisable at $0.01 on or before 22 October 2017)
2. (exercisable at $0.016 on or before 31 August 2018)
1. Issue price of $0.01 (discount of 640%)2. Issue price of $0.016 (discount
of 362%)
Closing price on date of issue $0.074.
Funds of $22,167 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent.
Appendix 3B:
17 March 2016
Issue date:
17 March 2016
3,000,000
3
Issued upon exercise of options (exercisable at $0.015 on or 18 February
2018)
Issue Price of $0.015.
Closing price on date of issue $0.076. Discount of 407%.
Funds of $45,000 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent.
Appendix 3B:
19 April 2016
Issue date:
19 April 2016
200,000
3
Issued upon exercise of options (exercisable at $0.02 on or 2 March 2018)
Issue Price of $0.02.
Closing price on date of issue $0.039. Discount of 48.71%.
Funds of $4,000 were raised for support of the Company's drilling and
exploration activities at Project Icewine.
$0 of this amount has been spent.
Notes:
1. This is the date the Appendix 3B was announced to ASX. The
date of issue may be different. Refer to Item 7 of the relevant Appendix 3B
for the specific date of issue.
2. Market Price means the closing price on ASX (excluding
special crossings, overnight sales and exchange traded option exercises). For
the purposes of this table the discount is calculated on the Market Price on
the trading day prior to the date of issue of the relevant Equity Securities.
3. Fully paid ordinary shares in the capital of the Company
(ASX Code: 88E) (terms are set out in the Constitution).
4. Quoted Options, exercisable at $0.02 each, on or before 2
March 2018 (ASX Code: 88EO). The full terms and conditions were disclosed in
the notice of meeting for the shareholder meeting held on 12 February 2015.
5. Unquoted Options, exercisable at $0.016 each, on or before
31 August 2018. The full terms and conditions were disclosed in the notice of
meeting for the shareholder meeting held on 22 June 2015.
6. Unquoted Options, exercisable at $0.021 each, on or before 1
November 2018. The full terms and conditions were disclosed in the notice of
meeting for the shareholder meeting held on 29 September 2015.
7. The cash balance of the Company on 24 April 2015 was
approximately $5,588,493. The aggregate amount raised from issues of Equity
Securities listed in Schedule 1 is $20,880,929. The cash balance of the
Company as at the date of this Notice is approximately $5,448,617. The amount
spent since 24 April 2015 to the date of this Notice has been approximately
$21,020,805. These funds have been spent on the Company's exploration
activities at Project Icewine, including the drilling of the Icewine #1
exploration well, acquisition of additional acreage, seismic and for working
capital. The amount raised from issues of Equity Securities listed in
Schedule 1 that remains unspent as at the date of this Notice is $5,448,617.
It is proposed that these funds will be used, together with the Company's
other cash reserves, for Phase II of the Company's exploration program at
Project Icewine, including costs associated with the Icewine #2H appraisal
well, and for working capital. This statement as it relates to the future use
of funds is a statement of current intentions as at the date of this Notice.
As with any budget, intervening events and new circumstances have the
potential to affect the manner in which the funds are ultimately applied. The
Board reserves the right to alter the way the funds are applied on this
basis.
This information is provided by RNS
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