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EMERALD RESOURCES NL — Capital/Financing Update 2014
Sep 4, 2014
64849_rns_2014-09-04_940d988c-bdb7-4eaa-b47e-05e1dc1def29.pdf
Capital/Financing Update
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5 September 2014
ASX Announcement
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COMPLETION OF SALE OF UNMARKETABLE PARCELS
The Board of Emerald Oil and Gas NL ( EMR or Company ) is pleased to announce the completion of the unmarketable parcel sale process.
The unmarketable parcel sale process allowed shareholders with less than a marketable parcel of shares to exit the Company’s register without brokerage fees, reducing administrative and other costs associated with those holding a small parcel of shares.
A total of 6,143,272 shares were sold on market at 2.6 cents per share for proceeds of $159,725 before costs. The net proceeds of the sale are to be forwarded on a proportional basis to those shareholders who participated in the process shortly.
For further information, please contact;
MORGAN HART SIMON LEE AO Managing Director Chairman
Emerald Oil and Gas NL ACN 009 795 046 Level 1, 248 Hay Street, SUBIACO, WA, AUSTRALIA, 6008 PO Box 8294 Subiaco East WA 6008 T: +61 8 6380 2599 F: +61 8 6380 2088 E:[email protected]