TIDM88E

RNS Number : 8878E

88 Energy Limited

12 July 2021

12 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 42,230,000 fully paid shares ("Consideration Shares") at a deemed issue price of A$0.032 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 will be made for admission of the Consideration Shares to trading on AIM ("Admission"), with Admission expected to occur on 16 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 13,544,547,627 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          Tel: +61 410 276 744 
  and Media Relation Andrew Edge        Tel: +61 422 602 720 
  / 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

July 12, 2021 02:51 ET (06:51 GMT)

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