REG - 88 Energy Limited - Issue of Equity
RNS Number : 7050Z88 Energy Limited25 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: admin@88energy.com
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDIOEDKPBNPBKKBPB
Recent news on 88 Energy
See all newsREG - 88 Energy Limited - Quarterly Report and Appendix 5B
AnnouncementREG - 88 Energy Limited - Notice of AGM and Proposed Capital Consolidation
AnnouncementREG - 88 Energy Limited - Receipt of Outstanding Project Phoenix Funds
AnnouncementREG - 88 Energy Limited - Notice of AGM and Director Nomination
AnnouncementREG - 88 Energy Limited - Lodgement of Annual Report
Announcement