TIDM88E

RNS Number : 2983E

88 Energy Limited

06 July 2021

6 July 2021

88 Energy Limited

Issue of Equity

88 Energy Limited ("88 Energy" or the "Company", ASX:88E, AIM:88E, OTC:EEENF) has today issued 152,137,532 fully paid shares ("Consideration Shares") at a deemed issue price of A$0.035 per share pursuant to 88 Energy's acquisition of a 50% working interest in Project Peregrine from Alaska Peregrine Development Company, LLC

("APDC"),   which was announced on 7 June 2021. 

Application has been made for admission of the Consideration Shares to trading on AIM ("Admission"), with Admission expected to occur on 9 July 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 13,502,317,627 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 Relations     Tel: +44 7976 248471 
 Fivemark Partners , Investor and        Tel: +61 410 276 744 
  Media Relation Andrew Edge / Michael    Tel: +61 422 602 720 
  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

July 06, 2021 03:38 ET (07:38 GMT)

88 Energy (LSE:88E)
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