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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Synergia Energy Ltd | LSE:SYN | London | Ordinary Share | AU0000233538 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0025 | 2.27% | 0.1125 | 0.11 | 0.115 | 0.1125 | 0.11 | 0.11 | 54,645,017 | 16:21:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 1.3M | -5.38M | -0.0006 | -1.83 | 9.26M |
From Apr 2019 to Apr 2024
TIDMOEX
RNS Number : 2882A
Oilex Ltd
19 December 2014
19 December 2014
Company Announcements Office
ASX Limited
4(th) Floor
20 Bridge Street
Sydney NSW 2000
COMPLETION OF SHARE PURCHASE PLAN
RAISING A TOTAL OF A$2.5 MILLION
Oilex Ltd (ASX: OEX, AIM: OEX) is pleased to advise that its Share Purchase Plan ("SPP") closed on 16 December 2014.
Applications have been received for a total of approximately A$1,671,000 under the SPP (using the exchange rate applicable to the SPP of A$1:GBP0.55).
Underwriters Patersons Securities Limited and DJ Carmichael Pty ("Underwriters") have been notified of the resulting shortfall of A$829,000 which will be taken up by the Underwriters and sub-underwriters to the SPP. This will result in a total fundraise of A$2.5 million before expenses.
Accordingly, the Company expects to issue a total of 60,975,610 new shares under the SPP ("New Shares") on 22 December 2014 ("Issue Date"). The issue price for the New Shares will be 4.1 cents per New Share (2.3 pence per New Share), representing a 20% discount to the volume weighted average market price of shares in the Company on the ASX traded during the previous five trading days prior to the Issue Date, rounded to the nearest 0.1 cent.
Funds raised under the SPP will be used to progress activities at the Cambay Basin in Gujarat, India and for working capital.
The Oilex Board thanks all shareholders who participated in the SPP for their support.
For and on behalf of Oilex Ltd
Ron Miller
Managing Director
For further information, please contact:
Oilex Ltd Strand Hanson Limited Tavistock Communications Ron Miller, Managing Nominated Adviser and Ed Portman Director AIM Broker Email: eportman@tavistock.com Email: oilex@oilex.com.au Rory Murphy/Ritchie Balmer Tel: +44 20 7920 Tel: +61 8 9485 Email: oilex@strandhanson.co.uk 3150 3200 Tel: +44 20 7409 3494 UK Australia UK
This information is provided by RNS
The company news service from the London Stock Exchange
END
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