TIDM88E

RNS Number : 8031U

88 Energy Limited

07 December 2021

7 December 2021

88 Energy Limited

Issue of Equity

88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) issued 407,650,000 fully paid shares ("Consideration Shares") on 6 December 2021 as part of a pre-payment for services associated with the Merlin-2 well at a deemed issue price of A$0.026 per share.

Application will be made for admission of the Consideration Shares to trading on AIM ("Admission"), with Admission expected to occur on 10 December 2021. Following the issue of the Consideration Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has a total of 14,811,076,196 ordinary shares in issue, all of which have voting rights.

Media and Investor Relations:

 
 88 Energy Ltd                        Tel: +61 8 9485 0990 
  Ashley Gilbert, Managing Director    Email: investor-relations@88energy.com 
 Finlay Thomson, Investor Relation    Tel: +44 7976 248471 
 Fivemark Partners, Investor          Tel: +61 410 276 744 
  and Media Relation                   Tel: +61 422 602 720 
  Andrew Edge / Michael Vaughan 
 EurozHartleys Ltd                    Tel: + 61 8 9268 2829 
  Dale Bryan 
 Cenkos Securities                    Tel: + 44 131 220 6939 
  Neil McDonald / Derrick Lee 
 

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(END) Dow Jones Newswires

December 07, 2021 02:00 ET (07:00 GMT)

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