ASX Announcement
20 July 2015
ASX: OEX
AIM: OEX
On 7 July 2015, the Company announced that it was undertaking a capital raising package to secure approximately A$30 million (before costs) (Capital Raising). A component of the Capital Raising included approximately A$9.4 million through the issue of 225,490,196 Shares to Zeta Resources Limited (Zeta Deferred Shares) at A$0.04182 per Share.
As announced on 8 July 2015, Oilex is seeking Shareholder approval at a General Meeting on 12 August 2015 for the issue and allotment of the Zeta Deferred Shares within five (5) months after the General Meeting, this required the Company to seek an ASX waiver of Listing Rule 7.3.2 which stipulates all shares must be issued no later than three (3) months after the date of the General Meeting.
The Company has been notified this waiver will not be granted.
Subject to shareholder approval, the Company will now proceed to issue and allot the Zeta Deferred Shares within three (3) months after the date of the General Meeting in accordance with Listing Rule 7.3.2
For and on behalf of Oilex Ltd
Ron Miller
Managing Director
For further information, please contact the company or its advisors listed below:
PAC Partners Pty Ltd Australian Broker Andrew Shearer Email: [email protected] Tel: +61 3 8633 9862 Australia |
Westhouse Securities Limited AIM Broker Robert Finlay / Alastair Stratton Email: [email protected] Tel: +44 20 7601 6100 UK |
Strand Hanson Limited Nominated Adviser Rory Murphy /Ritchie Balmer Email: [email protected] Tel: +44 20 7409 3494 UK |
Vigo Communications Public Relations UK Patrick d'Ancona / Chris McMahon Email:
[email protected] [email protected] Tel: +44 20 7016 9570 UK |
