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Triple Energy Ltd Completes Share Placement

Thursday, 25 Oct 2012 06:39pm EDT 

announced that it has completed a placement of 150,000,000 new fully paid ordinary shares at an issue price of AUD 0.015 per share to sophisticated investor clients of Forrest Capital and EL & C Baillieu to raise AUD 2.25 million before costs (Placement). Proceeds of the Placement (which is subject to approval by Triple shareholders) will be applied towards the CFT project and general working capital. Under the terms of the Placement, Triple has agreed (subject to shareholder approval) to issue up to 25,000,000 advisor options exercisable at AUD 0.04 per share on or before June 30, 2015 to nominees of the Placement managers. 

Company Quote

-0.0010 -16.67%
2 Sep 2014