88 Energy Limited Issue of Shares (8576V)

TIDM88E

RNS Number : 8576V

88 Energy Limited

19 April 2021

19 April 2021

88 Energy Limited

Issue of Shares

88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) has today issued 44,000,000 fully paid ordinary shares at a deemed issue price of A$0.022 per share in lieu of cash payments totalling A$968,000 to a contractor providing services during the Merlin-1 drilling operations.

Application will be made for admission of the new ordinary shares to trading on AIM ("Admission"), with Admission expected to occur on 23 April 2021. Following the issue of the new ordinary shares, which rank pari passu to the existing ordinary shares in the Company, the Company has a total of 12,566,090,431 ordinary shares in issue, all of which have voting rights.

Media and Investor Relations:

 
 88 Energy Ltd                        Tel: [phone] 
  Dave Wall, Managing Director         Email: [e-mail] 
 Finlay Thomson, Investor Relations   Tel: [phone] 
 EurozHartleys Ltd                    Tel: + 61 8 9268 2829 
  Dale Bryan 
 Cenkos Securities                    Tel: + 44 131 220 6939 
  Neil McDonald/Derrick Lee 
 

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April 19, 2021 02:07 ET (06:07 GMT)