|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|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Oil & Gas Producers||0.1||-14.5||-5.1||-||114.66|
88 Energy Limited ASX Trading Halt and Proposed Capital Raising
UK Regulatory (RNS & others)
RNS Number : 2949Y
88 Energy Limited
02 March 2017
This announcement contains inside information
88 Energy Limited
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:
Australia 88 Energy Ltd firstname.lastname@example.org +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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