Share Name Share Symbol Market Type Share ISIN Share Description
88 Energy LSE:88E London Ordinary Share AU00000088E2 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.00p 1.95p 2.05p - - - 0 06:31:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -14.5 -5.1 - 92.97

88 Energy Limited ASX Trading Halt and Proposed Capital Raising

02/03/2017 7:01am

UK Regulatory (RNS & others)

88 Energy (LSE:88E)
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6 Months : From Feb 2017 to Aug 2017

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RNS Number : 2949Y

88 Energy Limited

02 March 2017

This announcement contains inside information

88 Energy Limited

(the "Company")

ASX Trading Halt and Proposed Capital Raising

88 Energy Limited (the "Company") announces that its shares have been placed in a trading halt on the Australian Securities Exchange ("ASX") pending the release of an announcement in relation to a potential capital raising.

Indicatively, the Company is seeking to raise gross proceeds of up to A$17 million (c.GBP10.6 million) at an issue price at or around A$0.037 (GBP0.023) per share. The shares in the Company will continue to trade on AIM during this period.

It is currently intended that any such capital raising will utilise the Company's existing authorities and will not be subject to shareholder approval. The Company confirms that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed.

For further information:

  88 Energy Ltd 
   +61 8 9485 0990 
  United Kingdom 
  Cenkos Securities Plc 
   As Nominated Adviser 
  Mr Neil McDonald         Mr Derrick Lee 
   Tel: +44 (0)131 220      Tel: +44 (0)131 220 
   9771 / +44 (0)207 397    9100 / +44 (0)207 397 
   1953                     8900 

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

March 02, 2017 02:01 ET (07:01 GMT)

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