Company Announcements
Issue of Options
Related Companies
88 ENERGY LIMITED
Issue of Tranche 2 Shares - Placement
88 Energy Limited (ASX:88E; AIM:88E, "88 Energy" or the "Company") announces that it has issued 70,000,000 unlisted options (exercisable at $0.016 on or before 31 August 2018) to brokers and advisors for capital raising services provided in relation to the recent Placement announced 22 July 2015.
The issue of the Broker Options was approved by shareholders at a General Meeting held 21 August 2015.
Following the above movements, the Company has the following securities on issue:
|
Number
|
Class
|
|
2,339,306,023
403,659,650
|
Fully paid ordinary shares
Listed Options exercisable at $0.02; expiring 3 years from date of issue |
|
|
|
|
300,000
|
Unlisted options exercisable at $0.70 on or before 10 April 2016
|
|
213,733
|
Unlisted options exercisable at GBP£0.256 (A$0.393) on or before 19 November 2015
|
|
487,230
|
Unlisted options exercisable at GBP£0.242 (A$0.383) on or before 19 November 2015
|
|
2,000,000
|
Unlisted options exercisable at $0.28 on or before 26 November 2015
|
|
3,000,000
|
Unlisted options exercisable at $0.28 on or before 26 November 2015
|
|
2,500,000
|
Unlisted options exercisable at $0.45 on or before 31 March 2016
|
|
2,500,000
|
Unlisted options exercisable at $0.45 on or before 31 March 2016 (voluntary escrow for 12 months)
|
|
1,000,000
|
Unlisted options exercisable at $0.42 on or before 12 June 2017 (vesting conditions apply)
|
|
2,000,000
|
Unlisted options exercisable at $0.28 on or before 12 June 2017
|
|
1,000,000
|
Unlisted options exercisable at $0.30 on or before 22 April 2016
|
|
250,000
|
Unlisted options exercisable at $0.16 on or before 12 June 2017
|
|
12,000,000
20,000,000
45,000,000
3,000,000
70,000,000 |
Unlisted options exercisable at $0.01 on or before 22 October 2017
Unlisted options at an exercise price of A$0.014 per option expiring 2 March 2018
Unlisted options at an exercise price of A$0.015 per option expiring 18 February 2018
Unlisted options at an exercise price of $0.015 per option expiring 18 February 2018
Unlisted options at an exercise price of $0.016 per option expiring 31 August 2018 |
DAVID WALL
Managing Director
88 Energy Limited
Level 2, 5 Ord Street
West Perth WA 6005, Australia
Ph: + 61 8 9485 0990
Contacts
|
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
You are here: news > regulatory news
10 Lower Thames St,
London EC3R 6EN