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BPH ENERGY LTD — Capital/Financing Update 2010
Jan 5, 2010
64555_rns_2010-01-05_143ccd46-8d8d-449b-854c-3d261ed7a870.pdf
Capital/Financing Update
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BPH Corporate (ASX: BPH) ASX Announcement
6 January 2010
Companies Announcements Office Australian Securities Exchange Limited 10[th] Floor, 20 Bond Street Sydney NSW 2000
BPH Initiates Investment Option
BPH Corporate Limited (BPH) is pleased to advise that having raised $11.3 million in a recent placement to sophisticated investors, it has initiated its option under the investment agreement with Advent Energy Limited as disclosed to the ASX on 18[th] September 2009.
Under the exclusive investment option agreement, BPH can acquire between 9.7% and 19.4% of Advent’s share capital at 50c per share, on the same basis as the Talbot Group Holdings investment agreement.
Yours faithfully,
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David Breeze Chairman
BPH Corporate Limited ACN 95 912 002 PO Box 317, North Perth Western Australia 6906 14 View Street, North Perth Western Australia 6006 [email protected] www.biopharmica.com.au
T: +61 8 9328 8366 F: +61 8 9328 8733