88 Energy Ltd (EEENF)

[doinit]

THIS,IS,WHAT,NEWS,IS,TRYING,TO,DO,FOR,LOOK,PPS,NUMBERS,,,WHO,WROTE,THAT,??

ASX ANNOUNCEMENT
12 August 2022
www.88energy.com
Ground Floor, 516 Hay Street, Subiaco WA 6008 PO Box 352, Subiaco WA 6904 Australia Phone [phone]
ABN 80 072 964 179
This announcement contains inside information
88 Energy Limited
PLACEMENT TO RAISE A$14.9M
Highlights
• Share placement commitments to raise A$14.9 million gross proceeds.
• Issue price of A$0.009 per share represents a 18.2% discount to last closing price of A$0.011 (9
August 2022) and a 18.9% discount to the VWAP on the ASX for the ten calendar days to 9 August
2022.
• Funds to be directed towards the planned Icewine East 2023 exploration well targeting 1.03 billion
bbls of oil*, in addition to new ventures opportunities and working capital

https://wcsecure.weblink.com.au/pdf/88E/02552496.pdf