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BPH ENERGY LTD — Capital/Financing Update 2020
Dec 16, 2020
64555_rns_2020-12-16_b48f7648-dab5-4f0c-a5ed-2584312c01bd.pdf
Capital/Financing Update
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17 December 2020
Companies Announcement Office ASX Limited 10[th] Floor, 20 Bridge Street SYDNEY NSW 2000
SEPTEMBER 2020 QUARTERLY ACTIVITIES REPORT
The September 2020 Quarterly Activities Report lodged with ASX on 31 October 2020 states on page 1 that:
“In August 2020 the Company completed the 2 for 5 non-renounceable rights issue at $0.015 per share together with one free attaching option with an exercise price of $0.05 per share and an expiry date of 29 July 2022 for every two shares subscribed for and issued, raising $1,685,752 in cash and $250,518 in in extinguishment of amounts owed to directors. In addition, a further 13,502,467 shortfall shares (representing $202,537) and attaching options under the non-renounceable rights issue will, subject to shareholder approval at a meeting anticipated to be held in November 2020, be issued in extinguishment of amounts owed to directors. A further 2,599,880 shares (representing $38,398) in shortfall shares will also be issued to a former director.”
However this should read as:
“In August 2020 the Company completed the 2 for 5 non-renounceable rights issue at $0.015 per share together with one free attaching option with an exercise price of $0.05 per share and an expiry date of 29 July 2022 for every two shares subscribed for and issued, raising $1,927,292 in cash and $248,990 in in extinguishment of amounts owed to directors and their associated entities, and $1,528 to a former director. In addition, a further 16,102,347 shortfall shares and 8,050,999 attaching options under the non-renounceable rights issue will, subject to shareholder approval at a meeting anticipated to be held in November 2020, be issued in extinguishment of $202,537 owed to directors and their associated entities, and $38,998 to a former director.”
The actual date of the General Meeting referred to above was 10 December 2020.
David Breeze (Director) authorised the release of this announcement to the market.
Yours sincerely
David Breeze Chairman
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