REG - 88 Energy Limited - Revised Admission Date of Placement Shares <Origin Href="QuoteRef">88E.AX</Origin>

88 EnergyAnnouncement

25/10/2016 16:30

RNS Number : 4334N
88 Energy Limited
25 October 2016
88 Energy Limited
Revised Admission Date 
of New Ordinary Shares 
88 Energy Limited ("88E" or the "Company") announced on 25 October 2016 that it had reached agreement (subject to settlement) regarding a placement to raise gross proceeds of A$11m (before fees and expenses) through the issue of 275,000,000 ordinary shares of no par value (the "New Ordinary Shares") to two US-based institutional investors at a price of A$0.04 (equivalent to ~0.025) per New Ordinary Share.
The Company confirms that admission of the New Ordinary Shares to trading on AIM is now expected to occur on 28 October 2016.
Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 4,169,180,418 ordinary shares in issue, all of which have voting rights.
Media and Investor Relations:
Australia



88 Energy Ltd
admin@88energy.com
+61 8 9485 0990



Hartleys Limited
As Corporate Advisor
Mr Dale Bryan
+61 8 9268 2829



United Kingdom


Cenkos Securities Plc

As Nominated Adviser
Mr Neil McDonald
Mr Derrick Lee
Tel: +44 (0)131 220 9771 / +44 (0)207 397 1953
Tel: +44 (0)131 220 9100 / +44 (0)207 397 8900

This information is provided by RNS
The company news service from the London Stock Exchange
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