88 Energy Ltd (EEENF)

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EEENF - funding

How to finance the new Africa venture? Why, just the usual way.
By issuing 322,147,513 new shares to water down our share price. (When they say 'fully paid' ordinary shares, they mean fully paid by us.)
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Announcement Summary
Entity name
88 ENERGY LIMITED
Announcement Type
New announcement
Date of this announcement
13/11/2023
The Proposed issue is:
Total number of +securities proposed to be issued for a placement or other type of issue
ASX +security code +Security description
Maximum Number of
+securities to be issued
88E ORDINARY FULLY PAID 322,147,513
Proposed +issue date
17/11/2023
source: https://wcsecure.weblink.com.au/pdf/88E/02739245.pdf
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