Sunday, January 12, 2020 3:31:37 PM
Company will be required to issue the
16,166,767 T2 shares
The key terms of the share purchase agreement are
as follows:
? HPPL assets and liabilities: On completion,
HPPL must hold no assets or liabilities other
than its interest in the Licenses and its portion
of the bonds held by the applicable South
Australian governmental agencies.
? Non-refundable deposit: The issue of the T1
shares is a non-refundable deposit.
? T2 Consideration: At completion, the
Company will be required to issue the
16,166,767 T2 shares and a cash payment of
$24,250 together with a cash payment of
$48,500 in consideration for its portion of the
bonds held by the applicable governmental
agencies in respect of the Licenses.
http://www.oilex.com.au/
Jan 07, 2020
Notice of Change of Interests of Substantial Holder (Form 604)
chew on that and notice the date...
https://backend.otcmarkets.com/otcapi/company/dns/news/document/37496/content
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