ASX Announcement
29 March 2018
ASX: OEX
AIM: OEX
Amendment to T2 Capital Raising Conditions
Oilex Ltd (the Company) is pleased to advise that it has agreed with subscribers to amend the Tranche 2 conditions pursuant to the subscription agreements for the capital raising announced on 17 December 2017.
The completion of the Tranche 2 of the capital raising is subject to the successful extension of the Cambay PSC by the Government of India for a further ten years on or before 31 March 2018. The parties have today agreed to extend this date to 30 April 2018.
Tranche 1 issue of the capital raising was completed on 29 January 2018.
A formal response on the application for the Cambay PSC extension is anticipated by June 2018 although the Company believes that response may be received sooner.
For and on behalf of Oilex Ltd
Mark Bolton
Chief Financial Officer Company Secretary
For further information, please contact:
Investor Enquiries Oilex Ltd Joe Salomon Managing Director Email: [email protected] Tel: +61 8 9485 3200 Australia |
Nominated Adviser Strand Hanson Limited Nominated Adviser Rory Murphy/Ritchie Balmer Email: [email protected] Tel: +44 20 7409 3494 UK |
Media Enquires (UK) Vigo Communications Public Relations Patrick d'Ancona/Chris McMahon Email: [email protected] [email protected] Tel: +44 20 7830 9700 UK |
Media Enquiries (Aus) Citadel-MAGNUS Public Relations Michael Weir Email: [email protected] Tel: +618 6160 4900 Australia |
