Re: Issue of Securities
Oilex Ltd (Oilex or the Company) advises that it has issued 257,329,999 ordinary shares at 0.13 pence per share (Capital Raising Shares) in regard to the £334,529 (A$599,622) equity capital raising as announced on 31 July 2019.
ASX Listing Rules, AIM Admission and Total Voting Rights
The issue of the Capital Raising Shares comprised 237,355,731 shares issued pursuant to ASX Listing Rule 7.1A with the balance of 19,974,268 shares issued pursuant to ASX Listing Rule 7.1. The issue of the Acquisition Shares was pursuant to ASX Listing Rule 7.1.
Application has been made to the London Stock Exchange plc for the admission of the New Ordinary Shares to trading on AIM (Admission). Admission of the Capital Raising Shares is expected to become effective and dealings to commence at 8.00 a.m. on 20 August 2019. Following Admission of these shares, the Company will have 2,868,898,150 shares in issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 2,868,898,150.