Oilex Ltd Placement - Issue of Securities (4594N)
01 June 2022 - 4:00PM
UK Regulatory
TIDMOEX
RNS Number : 4594N
Oilex Ltd
01 June 2022
ASX - RNS Announcement
1 June 2022
ASX: OEX
AIM: OEX
PLACEMENT - ISSUE OF SECURITIES
Further to Oilex Ltd's (Oilex or the Company) announcement on 4
May 2022, advising of an equity fund raise of GBP2.5 million (A$4.4
million), before costs to fund the refraccing of the Cambay 77H
well in India and the continued development of the Company's plans
to undertake a drilling and testing appraisal program on the Cambay
field, the Company is pleased to announce it has settled, as
intended, GBP2.15 million (A$3.79 million) before costs, via the
issue of 1,075,168,606 fully paid ordinary shares (Tranche 1
Shares) at GBP 0.20 pence (AUD 0.35 cents) per share .
The remaining Placement funds (Tranche 2) of approximately
GBP0.35 million (A$0.62 million) are anticipated for settlement by
20 July 2022, subject to shareholder approval, to be sought at the
general meeting of shareholders to be held on or about 18 July
2022. The Company will be providing further details on this
shortly.
The Company has issued the 1,075,168,606 Tranche 1 Placement
Shares under the Company's current ASX Listing Rule 7.1 placement
capacity.
AIM Admission and Total Voting Rights
Application has been made to the London Stock Exchange plc for
the admission of 1,075,168,606 Shares to trade on AIM (Admission),
which is expected to take place on or around 10 June 2022.
Following Admission, the Company will have 8,242,959,310 shares on
issue. The Company does not currently hold any shares in treasury.
Accordingly, the total number of voting rights will be
8,242,959,310.
Section 708A(5)(e) Statement (Cleansing Notice)
The Corporations Act (Cth) (Act) restricts the on-sale of
securities issued without disclosure, unless the sale is exempt
under section 708 or 708A of the Act. By giving this notice, the on
sale of the Shares noted above will fall within the exemption in
section 708A(5) of the Act.
Pursuant to the issue of the 1,075,168,606 Ordinary Shares on 31
May 2022 , Oilex gives notice under section 708A(5)(e) of the Act
that:
1) Oilex issued the Shares without disclosure to investors under Part 6D.2 of the Act;
2) As at the date of this notice, Oilex has complied with:
a) the provisions of Chapter 2M of the Act as they apply to Oilex; and
b) section 674 of the Act; and
3) As at the date of this notice, there is no information :
(i) That has been excluded from a continuous disclosure notice
in accordance with the ASX Listing Rules; and
(ii) That investors and their professional advisers would
reasonably require for the purpose of making an informed assessment
of:
A. The assets and liabilities, financial position and
performance, profits and losses and prospects of the Company;
or
B. The rights and liabilities attaching to the Shares.
The relevant Appendix 2A was lodged via ASX on-line forms
For and on behalf of Oilex Ltd
Lisa Wynne
Company Secretary
This announcement was authorised for release by the Board of
Oilex Limited.
For further information, please contact:
Investor Enquires AIM Broker AIM Nominated Media Enquires
Oilex Ltd Novum Securities Adviser (UK)
Roland Wessel B roker Strand Hanson Vigo Consulting
Chief Executive Colin Rowbury Limited Public Relations
Officer Email: Nominated Adviser Patrick d'Ancona/Finlay
Email: oilex@oilex.com.au crowbury@novumsecurities.co Ritchie Balmer/ Thomson
Tel: +61 8 9485 m Rory Murphy Email:
3200 Tel: +44 20 7399 Email: patrick.dancona@vigoconsult
Australia 9427 oilex@strandhanson.co.uk ing.com
UK Tel: +44 20 7409 finlay.thomson@vigoconsulti
3494 ng.com
UK Tel:+ 44 20 7390
0230
UK
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.
END
IOEABMFTMTMJBBT
(END) Dow Jones Newswires
June 01, 2022 02:00 ET (06:00 GMT)
Synergia Energy (LSE:SYN)
Historical Stock Chart
From Apr 2024 to May 2024
Synergia Energy (LSE:SYN)
Historical Stock Chart
From May 2023 to May 2024