Australian energy company WHL Energy Limited
(ASX:WHN) (“WHL Energy” or “the Company”) is pleased to announce that the Company’s Share Purchase plan (SPP) closed on Tuesday 10 December 2013 with subscriptions for 64,790,827 ordinary shares.
The Company has instructed its share registry to allot and issue the SPP shares with the issue raising a total of $712,700, including an application from the Managing Director. Following the issue of these shares the Company will have 1,534,908,507 shares on issue.
WHL Energy Managing Director, David Rowbottam, said: “Given the level of uncertainty in the broader market, the Directors are pleased with the level of support received from shareholders and I would like to take this opportunity to thank our shareholders for their continuing support.”
“WHL Energy is excited about the activities scheduled for the near future with the La Bella 3D seismic survey almost complete and the data processing about to get underway, so it is heartening to see shareholders show their endorsement of the Company’s strategic direction by so enthusiastically taking up the placement offered through the SPP.”
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