RNS16 Nov 2018 07:08
Issue of Securities
Fri, 16th Nov 2018 07:00
RNS Number : 5905H
Oilex Ltd
16 November 2018
ASX Announcement
16 November 2018
ASX: OEX
AIM: OEX
Re: Issue of Securities
Oilex Ltd (the Company) is pleased to advise that it has today issued 90,190,999 shares (the "New Ordinary Shares") following the conversion of 90,190,999 unlisted options for proceeds of £200,252 (A$360,295).
Pursuant to the terms of the Series B loan agreement, a total of £36,125 (A$65,000) of the conversion proceeds will be applied to the partial repayment of the loan.
Admission and Total Voting Rights
Application has been made for the New Ordinary Shares to be admitted to trading on AIM (Admission). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 21 November 2018.
Following Admission, the share capital of the Company will comprise 2,355,586,980 ordinary shares and, accordingly, the total number of voting rights will be 2,355,586,980.
The Appendix 3B for the conversion of the options is attached.
For and on behalf of Oilex Ltd
Mark Bolton