NOTICE UNDER SECTION 708A(5)(e)CORPORATIONS ACT 2001 (CTH)
On 7 April 2016, Strike Energy Limited (ASX"STX) (“Company” or “Strike”) announced it had finalised arrangements for a capital raising comprising a placement in two tranches to sophisticated and professional investors (including Directors (or entities associated with Directors) of the Company) to raise $ 6.7 million before costs (“Placement”).
The Placement comprised:-
- 65,300,000 fully paid ordinary shares (Tranche 1 Placement Shares) at $0.10 per share to sophisticated and professional investors within the Company’s 15% placement capacity under ASX Listing Rule 7.1.
- 1,700,000 fully paid ordinary shares (Tranche 2 Placement Shares) at $0.10 per share to Directors (or entities associated with Directors) of the Company which will be conditional on shareholder approval.
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