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ADX ENERGY LTD Capital/Financing Update 2011

Mar 1, 2011

64308_rns_2011-03-01_7e34c23f-933f-4fe5-98b9-fc8ff7691f57.pdf

Capital/Financing Update

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2 March 20 1 1

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Option Expiry Notification

A DX Energy Ltd (ADX) a dvises that an Optio n Expiry No t ice has to d ay been s ent to all Listed Opt i on Holder s in relati o n to the e xpiry of t h e Listed O ptions (AS X Code: ADXO) on 31 M arch 201 1 .

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L isted Opti o ns not e x ercised b y 5.00pm W ST on 3 1 March 2011 will a utomatically expire.

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Q uotation and trading of the List e d Options w ill cease o n 24 Marc h 2011 in a ccordance with ASX Listing Rule 6 .24.

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A copy of t h e letter se n t to all Lis t ed Option Holders and the Opti o n Expiry N otice are b oth attach e d.

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For inquiries contact:

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Peter Ironside Company Secretary +61 (08) 9226 2822

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2 Marc h 2011

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Option Expiry Notice Listed Options exercisable at $0.25 Expiring at 5pm AWST on 31 March 2011

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2011
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Dear O p tion Hold e r

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I am w r iting to you in relati o n to your h olding of l isted options in ADX Energy Ltd (“ Company ”). Q uotation o f the lis t ed options on the Austral i an Securiti e s Exchang e (“ ASX ”) w ill cease o n 24 March 2011 and the list e d options w ill expire o n 31 Marc h 2011.

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A num b er of opti o nholders have requested the co m pany to change the expiry d ate of th e options, u nfortunat e ly the ASX Listing Rules do not allow t h e Compan y to exten d the expir y date or c a ncel and r e place the options with new o ptions.

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An Exp i ry Notice pursuant t o the ASX listing rules is attach e d to this letter. T he Expiry N otice cont a ins an Ap p lication Fo r m for the e xercise of your li s ted optio n s. The Ex p iry Notice sets out the numbe r of listed options that you presently hold. This is the to t al number of listed options that you may exercise, if you have not already done so, by comple t ing the A p plication F o rm and p a ying the e x ercise pric e of $0.25 (twent y five cents ) per listed o ption bef o re the list e d options e xpire. For each li s ted option you exer c ise you wi l l be issue d one new fully paid ordinar y share in the Compa n y.

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As a ho l der of listed options, y ou have t h ree altern a tives:

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Alternative 1 : Co m plete the a ttached A p plication Form and s e nd it with your cheque paya b le to ADX Energy Ltd – OEN acc o unt for the exercise price t o the follo w ing addre s s before 31 March 2 0 11 and y o ur shares will be i ssued to y o u immediately after t h e funds af t er cleared.

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Computershare Investor Services GPO Box D182 Perth WA 6840

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Alternative 2 : Sell your list e d options on the A S X. Quotati o n of the options on the AS X will cease at the clos e of trading on 22 Mar c h 2011.

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Alternative 3 : Do n othing. Your listed o p tions will expire at 5p m WST on 31 Mar c h 2011.

In you r assessment of whe t her to ex e rcise you r listed op t ions, the followi n g information may be relevant:

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The closing price o n the AS X of the Co m pany’s s h ares on 2 8 February 2011, t h e last full d ay of trading before t his letter, w as $0.105 0 (ten and half ce n ts).

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The highest sale price on the ASX of the Company’ s shares during the 3 month s prior to 2 M arch 201 1 was $0.1 3 (thirteen c ents) on 1 8 February 2011.

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The lo w est sale p r ice on the ASX of the Company’ s shares during the 3 month s prior to 2 March 20 1 1 was $0. 0 9 (nine ce n ts) on 13 D ecember 2010.

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If you h ave any q ueries, please contact Peter Ironside +61 (08) 9226 2822.

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Yours f a ithfully

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PETER IRONSIDE Compa n y Secretar y

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ADX Energy Ltd ABN 50 009 058 646

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A

000001 000 1301011221012102012221332120133322113 SAM MR JOHN SMITH 1 FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Please return completed form to: Computershare Investor Services Pty Limited GPO Box D182 Perth Western Australia 6840 Australia Enquiries (within Australia) 1300 850 505 (outside Australia) 61 3 9415 4000 [email protected] www.computershare.com

Securityholder Reference Number (SRN)

I1234567890

I 1234567890 I N D

Use a black pen. Print in CAPITAL letters A B C 1 2 3 inside the grey areas.

 For your security keep your SRN/HIN confi dential.

Option Expiry Notice

Options exercisable at A$0.25 expiring at 5pm AWST on 31[st] March 2011

Dear Optionholder(s)

You are reminded that the Options to subscribe for Shares in the capital of ADX Energy Ltd registered in your name expire on 31[st] March 2011 These Options are exercisable wholly or in part by the payment of A$0.25 for each option exercised. Payment has to be received at the address overleaf, by 5pm AWST on 31[st] March 2011. For every one option exercised, the optionholder will be allotted Shares in the capital of ADX Energy Ltd.

Options not exercised by 5pm AWST on 31[st] March 2011 will lapse.

To be completed by Optionholder

Optionholder Entitlement details Subregister Issuer ASX Code XXXXXX Number of Options registered in XXX,XXX,XXX your name Amount payable on full exercise of Options at A$0.25 per Option X,XXX,XXX.XX Number of Shares to be issued XXX,XXX,XXX

B Number of Options to be exercised C Amount enclosed at A$0.25 per Option . A$

I/We enclose my/our payment for the amount shown above being payment of A$0.25 per Option.

To the Directors

ADX Energy Ltd

I/We the abovenamed being the registered holder(s) of the options, hereby exercise my/our option for Shares in ADX Energy Ltd and I/we request you allot such Shares to me/us and I/we agree to be bound by the Constitution of the Company.

Payment details – Please note that funds are unable to be directly debited from your bank account

Individual or Optionholder 1
Sole Director and Sole Company Secretary
Optionholder 2
Director
E
Sign Here - This section must be signed for your instructions to be executed
D
BSB Number
Account Number
Drawer
Cheque Number
Make your cheque or bank draft payable to ADX Energy Ltd - OEN A/C
Optionholder 3
Director/Company Secretary
Amount of cheque
A$

The directors reserve the right to make amendments to this form where appropriate. Please refer to the lodgement instructions overleaf.

This form may not be used to effect an address change. Please contact Computershare Investor Services Pty Limited on 1300 850 505 for an appropriate form, or download a Change of Address Notification form from www.computershare.com

See back of form for completion guidelines

O E N

A D X

SAMP_PAYMENT_000000/000001/000001/i

How to complete this form

Exercise of your Options in full or part

A Registration Name(s)

Your name and address as it appears on the Register of ADX Energy Ltd.

B Options Exercised

Enter the number of Options you wish to exercise.

  • C Exercise Monies

Enter the amount of exercise monies. To calculate the amount payable, multiply the number of Options exercised by the exercise price.

D Payment

Make your cheque or bank draft payable to ADX Energy Ltd - OEN A/C in Australian currency and cross it Not Negotiable. Your cheque or bank draft must be drawn on an Australian Bank.

Complete the cheque details in the boxes provided. The total amount must agree with the amount shown in box C. Please note that funds are unable to be directly debited from your bank account.

Cheques will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques returned unpaid may not be re-presented and may result in your Expiry Notice being rejected. Paperclip (do not staple) your cheque(s) to the Options Expiry Notice where indicated. Cash will not be accepted. Receipt for payment will not be forwarded .

E Signature(s)

You must sign the form as follows in the space provided:

Joint holding: where the holding is in more than one name all of the securityholders must sign.

Power of Attorney: to sign under Power of Attorney, you must have already lodged this document with the registry. Alternatively, attach a certified copy of the Power of Attorney to this form when you return it.

Deceased Estate: all executors must sign and, if not already noted by the registry, a certified copy of Probate or Letters of Administration must accompany this form.

Companies: where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please sign in the appropriate place to indicate the office held.

This is an important document and requires your immediate attention. If you are in any doubt as to how to deal with it, please consult your Financial or other Professional Advisor.

Lodgement of Notice

Option Expiry Notices must be received by Computershare Investor Services Pty Limited Perth by no later than 5pm AWST on 31[st] March 2011. You should allow sufficient time for this to occur. Return the Option Expiry Notice with cheque(s) attached to:

Computershare Investor Services Pty Limited GPO Box D182 PERTH WA 6840

Neither CIS nor the Company accepts any responsibility if you lodge the Option Expiry Notice at any other address or by any other means.

Privacy Statement

Personal information is collected on this form by Computershare Investor Services Pty Limited (“CIS”), as registrar for securities issuers (“the issuer”), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. Your personal information may be disclosed to our related bodies corporate, to external service companies such as print or mail service providers, or as otherwise required or permitted by law. If you would like details of your personal information held by CIS, or you would like to correct information that is inaccurate, incorrect or out of date, please contact CIS. In accordance with the Corporations Act 2001, you may be sent material (including marketing material) approved by the issuer in addition to general corporate communications. You may elect not to receive marketing material by contacting CIS. You can contact CIS using the details provided on the front of this form or e-mail [email protected]

Recent Share Prices on Australian Securities Exchange

Latest available market sale price of the Company Shares was A$0.1050 on 28[th] February 2011. Highest sale price during the 3 months preceding 2[nd] March 2011 was A$0.13 on 18[th] February 2011. Lowest sale price during the 3 months preceding 2[nd] March 2011 was A$0.09 on 13[th] February 2011.

Last trading day of Options on the Australian Securities Exchange will be on 24[th] March 2011.

If you have any enquiries concerning your Option holding, please contact Computershare Investor Services Pty Limited on 1300 850 505.

Please return the completed form in the envelope provided or to the address opposite:

Computershare Investor Services Pty Limited GPO Box D182 Perth Western Australia 6840 Australia